Vedomosti learned about the plans of the government to abolish the preferential VAT rate


The Ministry of Finance and Minekonomrazvitija discuss the idea of replacing the reduced rates of VAT, which is levied on Essentials, targeted assistance to needy citizens. About it the newspaper “Vedomosti” said four Federal officials.

Due to the fact that basic foodstuffs, as well as textbooks, medicines and goods for children are charged a reduced 10 percent VAT rate, the budget loses about 150 billion rubles a year, said the publication of one of the interlocutors.

At meetings with first Deputy Prime Minister Igor Shuvalov, the Finance Ministry proposes to raise the reduced rate of VAT in 2017 and to 12% and from 2019 to increase the rate by 2 percentage points, until it returns with the usual VAT rate of 18%.

It is proposed that the poor citizens to give targeted assistance in the amount of 1500 rubles.

One of the sources of the newspaper said that the reduced VAT can not cancel for all products: for some products and school uniforms can save. Thus, in order to introduce targeted subsidies, you need to create a database of households to conduct a pilot project in some regions and only then to cancel the exemption, said one of the officials. However, the mechanism worked in the financial block of the government, said one of the sources said that neither the social nor the effects of inflation, the Finance Ministry has not yet calculated.

The representative of the Ministry of Finance told the newspaper that the abolition of the 10% VAT exemption now in detail is not discussed.

In June 2016, the source Agency “Interfax” was told about the elaboration of the idea to raise VAT from the current 18% to 25%. Deputy Finance Minister Airat Farrakhov said that the Ministry of Finance has proposed to raise the VAT, with a simultaneous reduction of social security contributions, and such an idea is not considered in the government. “Moreover, in accordance with the decision of the President until 2018, these issues are not addressed,” — said the Deputy Minister. He added that this issue can be discussed only at the expert level. “So at the expert level can be discussed completely different issues. Nevertheless, the official — no,” said Farrakhov.

The head of audit chamber Tatyana Golikova, in turn, called the possible increase in VAT to 25% “of the running in the media bajka”. According to her, it is “impossible”.
  

Source