Russia: Retailers in Federal Cities Must Now Pay Operating Fees

  |   Attaché Report (GAIN)

Contact:

Office of Agricultural Affairs, Moscow   |   (011-7-495) 728-5222

Starting from July 1, 2015, retailers operating in the federal cities of Moscow, St. Petersburg, and Sevastopol (Crimea) must pay a fixed trading fee after President Vladimir Putin signed a new law in December 2014. The tax is paid by organizations and individual entrepreneurs, except for those working on the patent system of taxation, and companies which pay the unified agricultural tax. The new fees will depend on the size, location and specialization of the stores. The companies will pay this fee on a quarterly basis and will be able to deduct it from the local part of their income tax payments. Moscow authorities expect to add roughly a billion rubles to the local budget but smaller retailers are worried about this additional burden placed on them.

Russia: Retailers in Federal Cities Must Now Pay Operating Fees

Europe and Eurasia, Russia

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