The Finance Ministry denied reports about raising taxes on «luxury»

© RIA Novosti / Natalia to Seliverstova in photobacteria of the Ministry of Finance of Russia on the street Ilyinka in Moscow. Archival photoThe Finance Ministry denied reports about raising taxes on «luxury»© RIA Novosti / Natalia to Seliverstova the image Bank

The Russian government has raised property taxes for the rich and for the next six years, said of the immutability of the tax environment, told journalists in a press-service of the Ministry of Finance.

«We draw your attention to a grave error in quoting first Deputy Prime Minister- Finance Minister Siluanov number of media on the subject of imposing a tax on luxury. Siluanov in an interview, Posner said that the government has already raised property taxes on the rich. He did not say that the government has plans to further increase the tax burden. As already mentioned, for the next six years, the declared immutability of the tax conditions», — explained in the Ministry.

Currently, the tax on property of natural persons provides for different rates depending on the value of taxable real estate. So, if the base rate for residential areas is 0.1% of the cadastral value for real estate, worth more than 300 million rubles, it is 2%.

To get a jump on the real estate tax on the cadastral value was not a shock to owners, the authorities imposed a five-year transition period during which the reduction factors are applied to the calculation of tax. Full amount of the tax, so taxpayers will start paying only from 2020.

In addition, in Russia there is an increased taxation of luxury cars worth more than 3 million rubles. The list of models that fall under the «luxury tax», the Ministry renews every year.

Discussion about raising the tax burden for the rich in Russia is not the first year. We discussed different options: from a return to the progressive scale of personal income tax, to the imposition of excise taxes on expensive goods. However, the Finance Ministry has traditionally been opposed to such measures, because, according to the Ministry, they are complex to administer and lead to the creation of schemes to avoid taxation.

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