Putin's name: METAR offers the Ministry of Finance to reduce VAT to 12% next year

The office of the Deputy Prime Minister, Minister of Finance Alexei Kudrin received a letter signed by the head of the Ministry of Economic Development Elvira Nabiullina. In the spring of 2008, the Ministry of Finance, which in January announced the impossibility of reducing taxes, in fulfillment of the February performances of Vladimir Putin and Dmitry Medvedev, is proposed to reduce VAT to 12-13% since 2009.

Vladimir Putin at a meeting of the State Council on February 8, 2008 promised the business the introduction of a "unified and lowest possible VAT rate" . A week later, Dmitry Medvedev, in a pre -election performance at the forum in Krasnoyarsk, announced his intention to create tax incentives for innovation and expenses of companies and citizens on education, medical insurance and financing of pension savings.

The Ministry of Finance itself prepares its own tax development - "The main directions of the tax policy for 2009-2011", which does not hide the extremely restrained attitude of the Ministry of Finance to reduce taxes.

The deputy head of the Ministry of Finance Sergey Shatalov in January 2008 announced the impossibility of a quick reduction in taxes , saying that the cycle of their reduction was “completed”. After the statement of Vladimir Putin, Alexei Kudrin himself only said: "The reduction in VAT will certainly happen until 2020."

MECTRAS offers to do this 11 years earlier - since 2009. The METAR VAT rate proposes to reduce to 12-13% next year. It is proposed to cancel the preferential 10%rate on socially significant goods, a part of the income drop-down income with an increase in excise taxes (they are taxed by alcohol, cigarettes, fuel and cars).

According to the estimates of the Maintor of Experts, the VAT reduction of VAT to 12% will give an increase in GDP of 0.6-0.7 percentage points. The decrease in budget revenues in 2009 with increasing excise tax rates and the increase in tax income by reducing the number of frauds when paying (by 5%) according to the calculations will be about 1% of GDP.

The deputy head of the Ministry of Finance Sergey Shatalov, speaking at the Economic Forum in Zurich, said that the Ministry of Finance "is waiting for a long discussion" on VAT.