The government decided not to introduce excise taxes on harmful products

The Minister of Economic Development of the Russian Federation Alexei Ulyukaev said that the government refused to impose excise taxes on harmful products, including soda and palm oil.

“Based on the results of a longer reflection and discussion, it was decided not to implement such proposals now,” Interfax quotes the minister.

The ministry believes that manufacturers of confectionery and flour products of mass consumption of low and medium cost will be forced to raise prices for these products with the introduction of an excise tax, "which can lead to negative socio-economic consequences."

Interfax

• The fact that the government is working on the issue of introducing excise taxes on harmful products , including palm oil and soda, was reported in February by Vedomosti. Subsequently, Finance Minister Anton Siluanov announced that the excise tax is planned to be introduced from July 1.
• On May 10, a TASS source said that the government plans to abandon the introduction of excise taxes on palm oil and products containing sugar, since they have many substitutes. “Then it would be necessary to introduce excise taxes on them,” said . the source