The Ministry of Finance revealed plans for additional budget income due to whitewashing the economy
Among the measures of whitewashing the economy in the draft budget are VAT at a standard rate of 22% for the purchase of electronic cross-border trade goods and a customs fee of 100 rubles for parcels for personal goods worth up to €200
The Ministry of Finance in 2027-2029 expects annually 500 billion rubles of additional budget revenues from measures to whitewash the Russian economy, said Finance Minister Anton Siluanov at a government meeting.
“Promoting a competitive environment and whitewashing the economy is one of the key objectives of the plan to whitewash sectors of the economy, including combating grey imports. Due to this, we took into account additional revenues in the draft budget, about 500 billion rubles. annually, the minister said.
When citizens buy cross-border electronic trade goods, the Ministry of Finance proposes to charge VAT at a standard rate of 22% “in order to equalize the terms of trade in the domestic market”, electronic trading platforms will pay it as agents, Siluanov said. Among the proposals is the introduction of a customs duty on goods for personal consumption worth up to €200 in the amount of 100 rubles per parcel.
In the spring, the Ministry of Finance prepared a project providing for an increase in VAT on imported goods sold through marketplaces, in stages: 7% in 2027, 14% in 2028 and 22% in 2029.
Now when placing orders from abroad, users of marketplaces do not pay VAT. If the bill is adopted, foreign and Russian marketplaces selling products from abroad will pay the tax.
The tax will apply to foreign goods that can now be imported into the EAEU without duty, subject to the cost limit. Now these are goods worth up to €100, from 2027 the threshold will be reduced to €50, and from 2030 to zero.
