The Ministry of Finance is working on a digital excise tax

18.11.2022
#industry news

According to the department, it is assumed that the tax service will automatically calculate tax liabilities when products are put into circulation based on information that is available in information systems

The Ministry of Finance of Russia continues to work on the introduction of a digital excise tax on tobacco products and beer. This was announced by Deputy Finance Minister of the Russian Federation Alexey Sazanov at a meeting with representatives of foreign business at the site of the American Chamber of Commerce in Russia.

"The main vector of work in terms of simplifying administration is further digitalization and expansion of the practice of transferring tax calculation functions to tax authorities. This has already been implemented for most property taxes. Now we are actively working on, for example, the technology of the digital excise tax on tobacco and beer," Sazanov said, whose words are quoted in the ministry's message.

According to the Deputy minister, it is assumed that the tax service will automatically calculate tax liabilities when products are put into circulation on the basis of information that is available in information systems for marking tobacco and beer.

"This will further reduce the number of disputes between taxpayers and the tax service," he added.


Source:
tass.ru