The Ministry of Finance allows a new tax change to respond to the “challenges and threats that arise to the country. This was announced in the Forum of the Russian Union of Industrialists and Entrepreneurs by the director of the Fiscal Policy Department of the Ministry of Finance Danil Volkov. His words are given by Interfax.
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Volkov emphasized that the Ministry of Finance “in any case is configured to implement” the order of President Vladimir Putin to guarantee the stability and predictability of the fiscal system until 2030. However, he added that fiscal policy, like any other state policy, It is formed based on relevant challenges and threats.
“Fiscal policy is not an independent ephemeral substance, this is an integral part of the general state policy. As the practice of recent years showed 2020-2022 and the subsequent fiscal policy, including events that come from the challenges and threats faced by the country are being implemented, ”Volkov said.
According to him, the ministry is “configured” to ensure that these changes improve the administration and solve the points of points, but “the realities of the current moment will make adjustments to our plans.” Volkov said that it is not just about increasing taxes, but also about changing fiscal legislation for the implementation of anti -ration measures.
In October 2022, the same opinion was expressed by Vice Minister of Finance Alexei Sazanov. In his opinion, the stabilization of fiscal policy depends directly on the stabilization of state expenses. “As the stabilization of expenses obligations occurs, it will be possible to expect a fiscal policy in terms of income,” said Sazanov then.
In October, Reuters surveyed by Reuters said that in 2025 in Russia they could also increase taxes. The previously declared measures, including the progressive scale of personal income tax and new business taxes, may not be enough to cover the costs of the special military operation in Ukraine, the agency wrote.
Author:
Anastasia Kossakovskaya
Source: RB

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