By whose pocket hit new VAT?

Legislation Rules igry18-09-2007 By whose pocket hit new VAT? MPs have proposed a new reform of the VAT. A group of MPs launched an initiative to introduce a new calculation principle, which should significantly increase the budget revenues, even if the tax rate reduced to 12%. It is proposed to pay tax on the difference between the cost and the cost of production. According to analysts, replacing VAT with a sales tax would help Russia diversify its exports. Given that Russia exports a lot, and our priority - to diversify exports, the sales tax - this is a good solution to get rid of the extra load rapidly growing companies that do not export raw materials. The government nearly two years debated the possibility of reducing the VAT rate from the current 18% to 13-15% with simultaneous withdrawal of benefits to this tax. MEDT and the Ministry of Finance opposed the drastic reduction of the VAT, which they estimated would lead to a significant reduction in revenues. However, with the change of cabinet now anything is possible.