The Ministry of Finance proposed to impose an additional tax on tobacco companies


The Ministry has already prepared appropriate amendments to article 193 of the Tax code. About this newspaper “Vedomosti”, which got acquainted with the documents.

According to the newspaper, the Finance Ministry wants to amend article the following paragraph: “In respect of cigarettes sold by the taxpayers in the territory of the Russian Federation from October 1 to December 31 of each calendar year, the amount of which exceeds in any of these months the average monthly sales volume data of excisable goods in the preceding calendar year, specific rates of excise duties <…> shall be multiplied by a factor of 1.05”.

In the draft guidelines for tax policy for the 2017-2019 year introduced a factor of 1.3. Thus, the newspaper notes, the rate of excise duty will rise by 30%.

The Director of the Department of tax and customs policy of the Ministry of Finance Alexey Sazanov has confirmed the fact of the discussion. According to him, such a step is necessary in order that the tobacco manufacturers have ceased to engage in tax optimization.

“In the fourth quarter before the expected with the first quarter of next year, the planned indexation of rates of excise duty they dramatically increase production in the future the entire first quarter of sell specified products from wholesalers, reducing the production of excisable products,” explained carp, refusing to comment on the bet size.

He also noted that in particular, such practice is observed in the tobacco industry, therefore, it was decided to test on them the Finance Ministry’s proposal. However, if these measures prove effective with the 2018-2019 year they can apply to other excisable goods, the said carps.

October 1, the Finance Ministry has proposed to annually increase the excise tax on tobacco products by 10% over the next three years. According to the calculations Department, an additional tax will budget a profit of 243 billion rubles.

Source