AKIT opposed sales tax
29.08.2014 3805

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

The Astrakhan factory "Dune-Ast" will expand the production of sneakers

The Astrakhan footwear and clothing manufacturer PFC Duna-Ast took advantage of preferential financing from the Industrial Development Fund and allocated funds for technical re-equipment and the purchase of special equipment for the production of sneakers and...
23.05.2024 138

Versace presents “complex” Mercury sneakers

Luxury brand Versace is set to release one of its most exciting sneaker models in June, writes Footwearnews.com. Dubbed the "Versace Mercury", the unisex silhouette features a complex structure of 86 carefully crafted components...
23.05.2024 254

Italy sees footwear exports slow in 2023

In Italy, footwear export sales gradually declined throughout 2023, leaving year-end footwear exports 0,6% lower in value terms than a year earlier. According to the research center Confindustria...
23.05.2024 237

Adidas Stan Smith turned into loafers in collaboration with Beams

Adidas invited Shinsuke Nakada, creative director of the Japanese lifestyle brand Beams, to update the well-known sneaker model of the German sports brand Stan Smith. The result of the collaboration was a hybrid model...
22.05.2024 266

Tamaris presented a new spring-summer collection of the NEWD premium line.

Elegant luxury – that’s what this line of the German brand can be called. The new collection includes premium models that will perfectly complete any look and become a spectacular addition…
21.05.2024 500
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning