AKIT opposed sales tax
29.08.2014 2862

AKIT opposed sales tax

Major Russian online retailers opposed the introduction of sales tax. They believe that it will place an additional burden on bona fide players, while most market participants already use tax avoidance schemes.

The Association of Internet Commerce Companies (AKIT) sent a letter to the President of the Russian Federation, Vladimir Putin, in which he spoke out against raising the tax burden.

The introduction of the sales tax will primarily "affect the legal segment of the Internet business market, operating in retail, since unscrupulous small players will evade the tax," says AKIT. The association estimates that the share of online retailers currently using illegal tax optimization schemes is over 60%.

Law-abiding companies will also be pushed into the "gray" zone, as a sales tax of 3% will double the tax burden on market participants. "Thus, the introduction of the sales tax will not ensure an increase in the revenues of the state budget. On the contrary, this, due to the reduction of the tax base, will help to reduce tax collections," the message says.

The Ministry of Finance has developed a bill providing for the introduction of sales tax from 1 January 2015 year. The tax base is defined as the value of goods or services sold, including VAT and excise taxes. The tax rate will be set by the constituent entities of the Russian Federation within 3%.

Major Russian online retailers opposed the introduction of sales tax.

Latest News

Detsky Mir expands its presence in the Urals

New stores of the Detsky Mir chain have opened in Chelyabinsk and Yekaterinburg. The tenth in a row in Chelyabinsk and the ninth in Yekaterinburg. Both new stores occupy 1000 sq. M. ...
22.04.2021 124

Turkish Eksposhoes will be held in June

The Turkish exhibition of shoes and leather accessories Eksposhoes will again be held in Antalya from 2 to 4 June 2021 and is glad to host buyers from ...
21.04.2021 125

Tod's Group has appointed Chiara Ferragni to the Board of Directors

The appointment of Chiara Ferragni, an Italian model and influential fashion blogger, to the board of directors of the Italian fashion group Tod's, was an important step for the famous brand of the same name, moccasins, as well as chic Roger Vivier shoes to conquer ...
21.04.2021 136

Expo Riva Schuh announced the dates of the summer exhibitions

The 95th Expo Riva Schuh and the 6th Gardabags, dedicated to the 2022 spring / summer collections, will be held at the Riva del Garda exhibition center from 18 to 20 July, a month later than ...
21.04.2021 251

Reseller sites LUXXY, themarket and commission WantHerDress announce merger

The Russian clothing and footwear reselling marketplace LUXXY has acquired an online site for the resale of themarket items, as well as the WantHerDress commission store with wardrobes of stars and ...
21.04.2021 219
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning