AKIT opposed sales tax
29.08.2014 4075

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.
5
1
Rating

Latest News

Brazil reports growth in footwear exports for 2 months of 2025

Brazilian footwear exports in the first two months of 2025 reached 21 million pairs, with a turnover of $174,23 million. In February, 9,6 million pairs were exported, up 18,9% in volume and 8,9% in value compared to the previous…
14.03.2025 141

Demna Gvasalia becomes creative director of Gucci

Gucci has hired Demna Gvasalia as its creative director. He replaces Sabato De Sarno, who was fired on February 6 after just three…
14.03.2025 166

Zegna to Build Shoe Factory in Italy

Italian luxury group Zegna has begun construction of its own factory in Italy, a few kilometers from Parma.  
13.03.2025 261

Radical Chic Releases Collaboration With Buryat Artist Zorigto Dorzhiev

The collaboration between Radical Chic and Zorigto Dorzhiev resulted in a collection of two silk scarves, “Nomad” and “Erdene”. The basis for the new designs were two original works by the artist, “Four Horsemen” and…
13.03.2025 458

Geox sales down 7,8% in 2024.

Italy's Geox Group reported a 2024% year-on-year decline in 7,8 sales to €663,8 million. Only in the fourth quarter did sales rise slightly, by 0,5% year-on-year, at current exchange rates to 138…
12.03.2025 643
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning