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Finance

Five more new taxes will be introduced in Russia


The Ministry of Finance has developed a bill on amendments to the Tax Code of the Russian Federation, the essence of which boils down to the introduction of new taxes on companies and citizens.

As the Kommersant newspaper specifies, the financial department decided to add five new taxes, the corresponding bill has already been published and has come to the disposal of journalists.

In particular, the Ministry of Finance advocated the introduction of the so-called environmental tax, utilization tax, telecom operator tax, hotel tax and road user tax. Sources emphasize that the department allegedly developed this bill for about one year.

It is worth noting that officials have repeatedly stated the need to increase fiscal pressure on citizens in the context of the country’s growing economic isolation and loss of access to external funding sources.

In parallel, the state began to identify citizens with informal jobs in order to impose taxes on them to replenish the treasury. According to the Federal Tax Service, in mid-March as self-employed already 40 thousand citizens have registered.

However, the overwhelming majority of the population is still suspicious of this innovation and is in no hurry to register with the tax authorities.

Moris Akline
About author

Speculative operations in the foreign exchange and stock market. Work with futures and indices on CME. Work on FORTS and RTS. Development of portfolios and investment strategies for clients. Knowledge of technical (price charts of various types, indicators and oscillators, trends, channels, support / resistance levels) and fundamental analysis, take note of news. I work according to my trading strategy in compliance with the rules of capital management and risk management. Development of trust management strategies. Technique of order execution, placing and changing protective stop-losses, hedging.
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