Russia says most taxes will be unchanged this year but windfall tax not ruled out

Kitco Media
By Reuters
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Reuters
Feb 8 (Reuters) - Russia's finance ministry said on Wednesday that the basic parameters of its tax system, including VAT and personal income tax, would remain unchanged this year, but rejected an idea from a major Russian business union arguing against a possible windfall tax. The Bell, an online news outlet, reported earlier that the Russian government had asked businesses to make a one-off payment to the budget in December, but major business union RSPP rejected this, proposing instead to raise company tax rates by 0.5%. (Reporting by Reuters)
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