Shoe sales tax paid by consumers
10.09.2014 7736

Shoe sales tax paid by consumers

Today, President Vladimir Putin at a traditional meeting in the Kremlin with members of the government will decide the fate of the acclaimed bill to introduce a sales tax. He received a lot of comments from both ministries and departments, as well as from business, so the commission decided to postpone the document, sending it for revision.

Recall that the Ministry of Finance proposed to set the maximum rate of NSP at the level of 3%. The tax is planned to tax goods and services purchased both in cash and by bank transfer. It is planned to collect tax from organizations and individual entrepreneurs involved in sales and the provision of services. The NSP is a regional tax: whether to introduce it or not, it remains at the discretion of the constituent entities of the federation. Funds raised from sales will replenish regional budgets.

According to Igor Rudensky, head of the State Duma’s Committee on Economic Policy, the bill does not carry anything but damage to consumers and businesses. RSPP previously opposed the introduction of sales tax; the Association of Retail Companies presented its comments. ACORT warned that the tax would create prerequisites for double taxation, an increase in the number of gray schemes, and mass re-registration of market participants in regions without a sales tax.

At the center of macroeconomic research of Sberbank, it was estimated that the introduction of sales tax by the subjects will accelerate inflation by 2,1%. VTB Capital analysts predict that the maximum inflation rate in the coming year will fall in the first quarter of the 2015 year, if the tax, as was originally planned, can be introduced as early as next year.

Despite the fact that, in the initial version of the bill, footwear was not included in the list of categories of goods taxed by the EPT, retailers fear that the tax will affect shoe retail as well. “If it is introduced, then for everyone,” says Dmitry Politov, marketing analyst at Tommy Hilfiger Group, “the question is what the rate will be. If within 3-5%, then everyone will pay. If the tax turns out to be differentiated, then the burden will be distributed depending on the priority of the industry for the state. I doubt that retail is such for him. As a result, the end customer will suffer - the tax burden will affect the formation of prices ”.

Daria Yadernaya, managing director of the Esper Group, has a slightly different opinion. “I believe that the tax will be introduced if we consider the state of the budget of our country and the macroeconomic situation. Of course, this will have an impact on margins and on the final cost of products, - commented Daria Yadernaya. - However, if we take into account the simultaneous measures taken to increase the competitiveness of the Russian textile and footwear industry, the negative effect is likely to be short-term, until in the medium term it is offset by a corresponding increase in competitiveness. In general, our footwear producers have been living for a long time in conditions of high margins - many times higher than, for example, in Europe, so it is partly time for them to learn how to work in a more competitive and transparent economy. Of course, I would like to use market methods rather than artificial and forced growth of competitiveness, but nevertheless. At the same time, I'm not sure that shoe manufacturers will immediately fall under the tax. As I have already said that the state is extremely interested in the competitiveness of our industries. Currently, many programs are being adopted in this direction, investments are being allocated. It is unlikely that the state will want to give out money with one hand and take it with the other. "

Today, at a traditional meeting in the Kremlin with members of the government, President Vladimir Putin will decide the fate of the sensational bill on the introduction of a tax from ...
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