The Ministry of Finance has proposed to impose value added tax (VAT) on all imported products sold in online stores. They plan to assign responsibility for VAT payment to markets or sellers, Deputy Finance Minister Anton Sazanov said at the Moscow Financial Forum, Interfax reported.
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The publication notes that by expressing the proposal, Sazanov aroused the indignation of the business representatives present. “As in any classic trade, you make profits and we collect our taxes,” said the deputy director of the Ministry of Finance.
The Ministry of Finance sees no reason to make concessions regarding the imposition of VAT on imported goods, including a gradual increase in the amount of tax or exemption from VAT for certain categories of goods. At the same time, the department expressed its readiness to discuss with companies the possibility of introducing a transition period for the introduction of new rules, including deadlines and tax rates, Sazanov noted.
Earlier, Sazanov announced the initiative of the Ministry of Finance to adapt the procedure for collecting duties on foreign online parcels of more than 200 euros. The agency proposes to charge a tax of 5% of the total cost of goods whose value exceeds 200 euros, and not 15% of the excess price threshold, as is currently the case.
Author:
Kirill Bilyk
Source: RB
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