World tax reform, budget losses due to cigarettes. Highlights of the night

How the global tax reform will affect RUSSIA, how much the budget is losing due to illegal cigarettes, and what can be done about it when the fire-fighting air squadron that Putin spoke about appears in the country - in the RBC review

What are the risks of global tax reform for Russia

Representatives of large Russian business began to prepare for a global reform of corporate taxation, which should come into force in 2023, the Russian Union of Industrialists and Entrepreneurs (RSPP) analyzed what risks it would bring.

Global tax reform is being carried out under the auspices of the Organization for Economic Cooperation and Development (OECD) and the G20 (G20). It provides for, among other things, the introduction of a tax on the global profits of transnational companies in the amount of 15%, which companies will begin to pay in each jurisdiction. In Russia, the basic income tax rate is 20%, but in some cases there are incentives that lower the effective rate below 15%. The key risk that the RSPP warns about is that after the reform, preferential national income tax regimes may lose their meaning, and Russia will lose some of the opportunities for tax incentives for investment.

How much Russia loses on the sale of illegal cigarettes

Due to the large volumes of illegal tobacco products, the Russian budget lost 295.6 billion rubles over five years, the Accounts Chamber calculated. Of these, 246.3 billion rubles. fell on the shortfall in tobacco excise duty, and another 49.3 billion rubles. - on VAT that could be paid. The share of illegal products in Russia has grown almost tenfold over five years, from 1.1% to 10.7%. That is, the excise tax is not paid on every tenth pack sold in Russia.