The speaker: the government is discussing the issue of increasing excise taxes on palm oil


MOSCOW, 5 February. The government is discussing the issue of increasing excise taxes on palm oil and harmful products. This was reported to journalists by the Minister of economic development of Russia Alexei Ulyukayev.

“Yes discussing. Of course the excise duty and any indirect taxes are fiscalini component. The numbers can’t tell you now”, he said.

The Minister refused to say whether the MAYOR supports this proposal.

On Friday the newspaper “Vedomosti” reported with reference to the Protocol following the meeting with Prime Minister Dmitry Medvedev that the excise tax may be imposed on a whole range of harmful products with a high content of fat and sugar. In particular, soda and products which contain palm oil. Another option involves the introduction of excise duties on only sugar and palm oil that will automatically raise prices on all products with a high content of sugar and fat and, consequently, reduce their consumption.

Currently in the list of excisable goods include alcohol and certain types of alcohol products, tobacco, automobile and aviation fuel, motor oil, cars and powerful motorcycles.