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Russian entrepreneurs complaint

Russian entrepreneurs complained to President Vladimir Putin for new payments to the budget

Russian entrepreneurs complained to President Vladimir Putin for new payments to the budget. Next year the businessmen will have to pay more than 100 billion rubles (over 1.8 billion EUR) additional taxes to the budget.

The letter to the head of state is from the chairmen of four business associations – the Russian Union of Industrialists and Entrepreneurs, the Chamber of Commerce and Industry, Delovoy Rossiya and Oporto Rossiya.

The entrepreneurs recalled that a moratorium on the rise in the tax burden was introduced in 2014, but many payments and fees have emerged since then. Next year, three new payments will be introduced – import duties for machinery and equipment, investment fee (25%) in seaports and a recovery fee (7%) for heavy and energy equipment.

The letter states that because of the new costs that are not officially taxes, the business has to pay over 100 billion rubles.

The federal budget project for 2018 and the next planning period 2019-2029 was adopted at first reading in late October.

The second reading took place on Friday, November 17th.

According to the draft budget, the budget deficit next year should fall to 1.4% of GDP, or 1.271 trillion rubles.

About Viliyana Filipova

Viliyana Filipova is 27 year-old girl from Varna, Bulgaria. She is founder and Chief Editor of Finance Apprise Journal, working also as analyzer on the world finance and commodity markets.

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