MOSCOW, February 9 Russian business proposes to reduce the maximum penalty for non-payment of taxes to 15% of the overdue amount, since in some cases with a depth of inspection of companies by the Federal Tax Service of three years, the penalty may exceed the unpaid tax itself, said Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs, during the Tax Forum at Russian Business Week.
«»The topic related to the key rate is the punitive nature of penalties in conditions of high rates, when the tax penalty rate is 40%, taking into account the depth of the tax audit for three years, the amount of additional penalties accrued based on the results of the tax audit may exceed the amount of the unpaid tax,» Shokhin said.
«Therefore, it is proposed to limit this marginal penalty rate to no more than 15%,» he added.
The amount of penalties for non-payment of taxes in the Russian Federation is tied to the key rate of the Central Bank. At the same time, for 2023 the key rate was increased from 7.5% to 16%. Thus, the amount of penalties for taxpayers has also increased.