The Finance Minister said the lack of instructions on raising taxes


The Ministry of Finance prepares proposals about raising taxes, said the Minister Anton Siluanov after Monday, the Wall Street Journal reported that Russian authorities are discussing options for tax increases after the presidential election in 2018.

“Such calculations we do not do, initiatives or assignments no. We work a lot and on the expenditure side of the budget and to improve the administration, so that even in the face of declining revenues due to changes in the macroeconomic situation of having to raise taxes did not arise”, — quotes words of the Minister in the press release of the Ministry of Finance.

Siluanov also pointed out the need to “work” with costs, reviewing individual taken in the “fat years of high oil prices,” commitments, not to raise taxes.

“It’s a question of predictability of economic policies, improve the investment climate and creating conditions for economic growth. From our point of view it is necessary to avoid increasing the tax burden in the country in the coming years, and if possible — to use all available opportunities to reduce it, primarily for small businesses and new investment projects. But you need to work on improving the efficiency of spending,” the Minister said.

Earlier on Monday, the Wall Street Journal, citing its sources reported that the Russian government is considering raising taxes after the presidential elections in 2018. According to interlocutors of the edition, it could be either from a flat income tax, or it is saved with the increase in the tax rate from 13% to 20%. It is also about a possible increase in VAT, the WSJ reported. “There is a debate about how to make it so that taxes didn’t look excessive and not very much struck by the population”, — said one of interlocutors of the newspaper.

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Commenting on this publication, the press Secretary of the President Dmitry Peskov said that the decision to raise taxes after the 2018 elections for President of Russia. “No decisions on this point, no dominant point of view on this point, and say, of course, this is impossible. Some existing programs that provide such, is also not” — said Peskov told reporters (quoted by “RIA Novosti”).