The Russian Ministry of Finance proposed options for increasing income tax by 5-10 percentage points, RBC reports with reference to two sources in the department.
It is noted that tax increases up to 25-30 percent for those companies that paid more dividends than invested in the past five years. The documents of the Ministry of Finance does not specify which industry will affect the innovation.
Office considers changes in the rate as an addition to the use of mineral extraction tax (NDPI) for metallurgical enterprises and fertilizer production companies.
Sources noted that the combination of both options is not excluded, increasing NPP and income tax, with the aim of adding 250-300 billion rubles to the budget in 2022.
Previously, proposals for RTP growth were voiced in the Ministry of Finance. In the project “The main directions of the budget, tax and customs and tariff policy for 2022 and the planning period of 2023-2024” it is said that the level of removal of mountain rent on average is 3-5 percent of the company’s revenue, and in Russia it does not exceed 1-2 percent.
In addition, the likelihood of increasing mineral extraction tax, which will affect the precious metals, discussed in the government as one of the proposals for the “mobilization of income” of the federal budget in the period of 2022-2024.