Next 6 years will see no tax increase, Finance Ministry vows
There will still be a certain "adjustment" in the system, the Minister of Finance added.
Russian taxes will not be growing within the next six years, Finance Minister and First Deputy Prime Minister Anton Siluanov promised while speaking to the St. Petersburg International Economic Forum.
The country will strive to attract investments and create favorable conditions for this, he said.
"First of all, it’s about taxes. We are not going to change the taxes within the next six years. They ask: "What changes are going to be introduced then?" A certain adjustment will be necessary, for sure," the Deputy Prime Minister added.
So, taxes that negatively affect businesses could be reduced, while some other taxes could be increased, such as personal income tax - from 13% to 15%; the premium rate may fall from 30% to 22%, while VAT could go from 18% to 22%.
Earlier, Russian President Vladimir Putin signed the so-called "May Decree" on the nation’s top priorities for the next six years. It addresses, among other things, the need to develop steps that would promote economic growth to a rate higher than the world average.
For several days now, the minds of the public in St. Petersburg are occupied with one piece of news – Lieutenant-General Umnov, head of the Main Directorate of the MIA for St. Petersburg and the Leningrad Region, leaves his post and sets off for a promotion to Moscow. Sergey Umnov is allegedly designated for the position of deputy minister of the MIA Vladimir Kolokoltsev. However, on the sidelines of the ministry they expect not a promotion for the Petersburg general, but an honorable resignation with the consequent loss of political weight.