The Ministry of Finance disclosed the details of increasing income tax for companies that pay dividends to the detriment of capital investments: these measures may affect the different sectors of the economy, but only companies will fall under the operation of the new norms. This was stated by the head of the department Anton Siluanov, RIA Novosti quotes him.
“There are a unit of companies, you see, under this … According to our estimates, banking structures are not falling down,” he said.
According to Siluanov, the proposed bill does not provide for any differentiation for companies by industries or the form of ownership. “No, no differentiation, and here it depends simply from the amount of dividends to the capital level,” the minister assured.
He also explained that measures relate to all industries, since there is a single approach to taxation. “And if we choose – the Gossector or the private sector – it will already be contrary to the constitution,” he added.
September 20 reported that the government decided to increase two tax on Russian metallurgists. In addition to paying an increased NDPI, increased income tax will pay those companies that pay dividends to the detriment of capital investments.
Government plans to increase NPPI for metallurgists became known at the end of August. In response, they proposed to raise their profits tax to continue to invest in complex projects with a small content of minerals. During the negotiations in mid-September, the Ministry of Finance also decided to increase the income tax. Against the background of the government’s plans, the shares of Russian metallurgical companies fell by a few percent.