Shokhin called inconclusive compromise with the Ministry of Finance on the tax on superincomes
The compromise reached between the Ministry of Finance and the Russian Union of Industrialists and Entrepreneurs on the super-income tax (NSD) is not yet final, said the head of the RSPP and business ombudsman Alexander Shokhin. He commented on the statement of Finance Minister Anton Siluanov that the Agency took into account the concerns of business.
The compromise reached between the Ministry of Finance and the Russian Union of Industrialists and Entrepreneurs on the super-income tax (NSD) is not yet final, said the head of the RSPP and business ombudsman Alexander Shokhin. He commented on the statement of Finance Minister Anton Siluanov that the Agency took into account the concerns of business.
“We understand the need to balance the budget and the scale of the tasks to be solved within the framework of the budget three-year plan,” Shokhin said. Business is ready to participate in the search for solutions that provide additional budget revenues. But at the same time, I would not say that the final compromise has already been found and all parameters have been agreed, Shokhin said.
The RSPP insists that consensus should be found in preparing the bill for the second reading. Mr. Shokhin added that it is necessary to ensure additional budget revenues, but at the same time not to frighten investment activity and avoid taxes on the natural recovery of income after instability in the market.
At the end of September, the Ministry of Finance introduced a package of bills to the government, where, in particular, it proposed to introduce a tax for individual mining organizations in the amount of 30% of the excess income received due to the growth of world prices for solid minerals to the level of 2025. In response to this initiative, the RSPP sent a letter to the department with criticism.
The organization pointed out that the tax is actually introduced retroactively: its base for 2027 will be calculated based on the excess of the cost of minerals for the already completed 2026 over the prices of the base year 2025. Also, according to the RSPP, the extension of the mandatory payment for the past period contradicts the fundamental principles of taxation, since companies could not take it into account in advance.
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