Organization “Support of Russia” appealed to the Ministry of Finance with a request to refuse the idea to return the tax on movable property, which was canceled in 2019. The letter to the Minister of Finance Anton Siluanova sent the President of the organization Alexander Kalinin, reports RBC.
in his opinion, the initiative will become a big problem for small and medium businesses. In addition, an increase in the tax base will occur in terms of income fall due to the effects of coronavirus pandemic.
Business Associations “Business Russia” and the Chamber of Commerce and Industry (CCI) supported the position of the OR. Their representatives indicated that already a weak investment activity in Russia will seriously suffer.
Earlier, the business called these charges of “tax on modernization”, as they concern, including modern expensive equipment. Currently, Chairman of the “Business Russia”, Alexey Repeik stressed that if the idea is implemented, the restart of the investment cycle and the fulfillment of the Mayan tasks of the President Vladimir Putin will become impossible.
In the press service of the Ministry of Finance, they answered that the decision to return the tax on movable property was not accepted, but the options for improving tax collection from legal entities are discussed. The department reminded that the Russian Union of Industrialists and Entrepreneurs (RSPPs, lobbies the interests of large businesses offered to return the tax. That proposal arose against the background of strengthening disputes between tax authorities and business that it is considered to be driven property.
For the first time, the possibility of re-introducing the tax on movable property appeared in the document “The main directions of the budget, tax and customs and tariff policy”, which concerns the period of 2021-2023 and was presented in September 2020. In addition, in February, the Soviet Committee appealed to the Federation Council and the State Duma with a request to return the tax. Deputies indicated that his cancellation did not bring results in the form of updating fixed assets.
Currently, the Ministry of Finance is looking for ways to fulfill the budget, since the State Provisional Program has not yet gives results. In the case of the introduction of US sanctions against the Russian public debt in rubles, Siluanov pointed out, the Central Bank will include a printing machine and provide additional liquidity.