Tuesday, March 1, 2016

MED may propose to reduce the excise tax on alcohol – RIA Novosti

Cheboksary, March 1 -. RIA Novosti Ministry of Economic Development of the Russian Federation considers it appropriate in the new budget cycle to consider the possibility of reducing the excise tax on alcohol, told the deputy minister Oleg Fomichev

“Excise. alcohol, if you need to change, they reduce the need to, and do not increase this opinion of the Ministry including. “- said Fomichev, noting that the level of excise duties on alcohol in Russia is not conducive to a reduction of the shadow market

“Even the tightening of control measures, introduction, strengthening EGAIS and so on – still do not get it strongly oppose, because it is very large gap between the cost of a liter of pure alcohol, and the final cost of vodka there profit margins such, because of the magnitude of excise value. bottle, that whatever we are there measures are not introduced, still underground plants will appear, disappear and appear again, “- said Deputy

He added that the Ministry of Economic Development will leave the initiative to revise excise duties.. This issue, said Fomichev, has already been discussed by the working group for Alcohol Market Regulation

“is not exactly anything to be on this year (me), because all decisions on excise taken in the framework of the budget cycle next -.. Well it is possible that we will initiate this issue “, -. said Deputy

He also expressed confidence that the reduction in excise duties could lead to an increase in total revenue and thus greatly clear the market of counterfeit products. However, the Ministry has not conducted specific calculations.

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