VAT and PIT are not yet to be increased, - Igor SHUVALOV

17th September 2014

At the same time the First Deputy Prime Minister did not exclude the possibility that Russia will have to change the tax system due to external conditions and insufficiently high economic growth rates

First Deputy Prime Minister Igor SHUVALOV did not exclude the possibility that Russia will have to change the tax system due to external conditions and insufficiently high economic growth rates. In an interview to “Saturday News” he recalled the promise not to do so until 2018, but admitted that now “we live in a very harsh external environment” and “we may have to change this approach”.

Another factor that can push the taxes change, according to SHUVALOV, is that “economic growth rates (in Russia) are not high enough”.

Igor SHUVALOV said that several governors propose to introduce the right of subjects of the Russian Federation to introduce a regional sales tax. As for the other taxes - such as VAT and PIT, there was a very tough debate around the topic; it was decided not to change these taxes yet.

The First Deputy Prime Minister is convinced that under the sanctions Russian economy in any case should not “become isolated and closed”.

According to SHUVALOV, “the need to engage in entrepreneurship” has recently reduced in Russia. Therefore, in the context of “developing economic policy” he offers to “take a course on greater economic freedom”. But despite it, - said the First deputy Prime Minister, - there probably should be more discipline”.

“But that does not mean over-regulation, on the contrary: in the current environment it is necessary to ensure maximum freedom for entrepreneurs again, as it was about 10-15 years ago when there was a lot of desire to create and to earn a lot”, - said Igor SHUVALOV .

If some people do not have the craving for entrepreneurship, then, of course, they should not be pushed to become self-employed, says the First Deputy Prime Minister. “But if someone wants to, it is necessary to provide all opportunities and resources, including financial resources, to ensure that they are able to maintain their own business”, - he said.

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