Sunday, June 26, 2016

The government commented on the reported plans to increase VAT to 25% – RBC

Deputy Finance Minister Airat Farrakhov

Photo: Pavel Smertin / TASS

Deputy Finance Minister Airat Farrakhov said that the government does not consider the idea of ​​raising the VAT, while reducing insurance premiums. “Interfax” reported that the VAT can grow up to 25%, and contributions – down to 20%

The Ministry of Finance did not offer to raise the VAT from the simultaneous reduction of social security contributions, and such an idea is not considered in the government told Tass deputy head Finance Airat Farrakhov

«All the more so in accordance with the decision of the president until 2018, these issues are not addressed,” -. said the deputy minister

. He added that this issue could be discussed only at the expert level. “Therefore, a completely different issues can be discussed at the expert level. Nevertheless, the official – no “, – said Farrakhov.

The head of the Accounting Chamber Tatyana Golikova, in turn, called the possible increase in VAT to 25%, “launched in the media Dirt Bike”. According to her, it is «impossible».

«At least an adequate reduction of insurance premiums is also impossible. This will mean that should increase sharply transfer to the Pension Fund, and all our previous policies and those bills are adopted, they were aimed at reducing the dependence of the pension system from the federal budget, “- said Golikova reporters on the sidelines of the party” United Russia congress “(quoted by TASS).

The fact that the government is considering a proposal of the Ministry of Finance of the idea while increasing VAT and lower insurance premiums, previously reported by” Vedomosti “and Bloomberg, citing sources. The interlocutors of “Sheets” have argued that such a measure could provide domestic support. This Bloomberg noted that none of the tax changes is not considered in the budget for the coming year. the agency “Interfax” source in turn, reported that the VAT can grow up to 25% (currently – 18%) and contributions – down to 20% (currently the general rate of 30%)

«Idea. in fiscal devaluation, as in the EU – to increase the competitiveness of domestic production by reducing labor taxes (VAT and excise duties on export shall be reimbursed) and the rise in price of imports due to the VAT increase, “- says the source,” Interfax »

. The Wall Street Journal in May this year, with reference to several Russian officials also reported that the Russian authorities are discussing plans to change the tax system after the presidential elections in 2018. Among these changes, and the sources of the newspaper called the possible increase in VAT.

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