Russia Developing Digital Consumption Tax for Tobacco and Beer

Moscow, November 18 (International News Agency) - Russian State Secretary and Deputy Minister of Finance, Alexei Sazanov, stated during a meeting with the American Chamber of Commerce in Russia and foreign corporations that the Russian Ministry of Finance is developing digital consumption tax technology for tobacco and beer, as both parties discussed tax policies.

Sazanov stated that work is actively being carried out. "Assuming that tax services will automatically calculate tax obligations based on data from the tobacco and beer labeling information system at the time of product placement in the market. This will further reduce the number of disputes between taxpayers and tax services," he said.

Sazanov emphasized that further digitization and the practice of transferring tax calculation functions to tax authorities is a key direction for simplifying administrative work. "This has already been implemented for most property taxes," he added.

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