ST. PETERSBURG, June 7The tax proposals developed by the Ministry of Finance do not require any conceptual changes, says Chairman of the Federation Council Valentina Matvienko.
The Government of the Russian Federation submitted to the State Duma a bill developed by the Ministry of Finance with amendments to the Tax Code of the Russian Federation. Among them, in particular, an expanded progression of personal income tax, an increase in the income tax rate from 20% to 25%, an expansion of the opportunity for small businesses to use a simplified tax system while simultaneously introducing an obligation for enterprises with large revenues to pay VAT.
«I believe that in the form in which this document has been submitted, it does not need any major conceptual changes. Yes, something needs to be polished, something needs to be fine-tuned,» Matviyenko said in an interview with Izvestia on the sidelines of the SPIEF.
The SF speaker noted that the Russian parliament should adopt tax changes before the end of the spring session, expressing confidence that the parliament is ready to extend the session if necessary.
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