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Thursday, October 27, 2016

The Finance Ministry plans to annually increase the excise tax on tobacco by 10%

Excise duties on tobacco products will grow in the coming three years by 10% annually, said Finance Minister Anton Siluanov at a seminar-meeting of “United Russia”.

The Agency plans to collect these measures 243 billion rubles for three years. It is noted that in 2017, the budget will be increased by 35 billion rubles, in 2018 – 82 billion rubles, and in 2019 126 billion.

Siluanov sail that the country needs its reserves, because, in his words, “to obtain funds from the World monetary Fund of Russia now would be extremely problematic,

In addition, the Ministry of Finance plans to raise excise taxes on petroleum products. The Ministry also. Due to the additional increase of the excise tax on gasoline, the Agency is expected to collect in the budget in 2017, 43 billion rubles, in 2018 — 48 billion rubles in 2019 — 50 billion rubles.


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