"The elections are over": authorities want to raise taxes for Russians
🔸 On the fourth day after the elections of State Duma deputies, the Ministry of Finance proposed raise A tax on passive income for Russians—this includes interest on deposits, dividends from shares, property sales, and so on. Previously, this income was taxed at a rate of 13 to 15%. Now the authorities plan to raise it to 13-22%.
🔸 According to the agency's estimates, the tax increase will affect approximately four million citizens. However, it will not affect SVO members.
🔸 It is emphasized that bank deposits of up to one million rubles will presumably not be subject to taxation.
🔸 The authorities also want impose Foreign online purchases are subject to value added tax in the amount of 22 % — to "level the playing field on the domestic market." Stores will be responsible for paying VAT.
🔸 In addition, the Ministry of Finance proposes to introduce a customs duty in the amount of 100 rubles for each parcel from abroad that costs less than 200 euros (currently such parcels are not subject to collection).
🔸 Additional taxes are being introduced for mining, metallurgy and gold mining companies (30 и 20 % from income from price increases).
🔸 For foreigners, the income tax on dividends will immediately rise to 35%.
🔸 Following the announcement of the Ministry of Finance's plans, the Moscow Exchange index fell by 0,7%. At the same time, Norilsk Nickel’s shares fell by 5,1%, Rusal’s by 3,6%, and PhosAgro’s by 3,1%.
🔸 Prior to this, the authorities had repeatedly stated that they would not raise taxes. In particular, Putin, after raising VAT last fall, promised to further reduce the tax burden.
🔸 Officials called Rumors of tax increases are "fake news." Two weeks ago, Putin's press secretary Dmitry Peskov saidthat the Kremlin is not considering tax increases. However, today he simply declined to comment on the Finance Ministry's proposals.
“They are the authors of the draft document and, accordingly, they are the ones to comment,”сказал Sands.
🔸 Previously Minister of Finance Anton Siluanovspecifiedthat a budget deficit of around 100,000 is expected in the next three years 2%, and that the priority is the tasks of the front.
🔸 Let us remind you that from October 1st already is planned indexation of utility tariffs - from 8 until 22 %, depending on the region. And starting in the new year, once again will rise recycling fee for cars and equipment - on 10-20%.
🔸 Energy companies are also discussing the possibility of including costs for protecting power plants from drone attacks in utility bills.
🔸 "The elections are over," write Russians in the comments. — "So here we are, the start of the post-election hustle and bustle. And only a week has passed."