Russian regions instructed to consider tax hikes to close budget gap

The leadership of the regions in russia, the aggressor country, has been instructed to consider raising taxes, with recommendations to increase property taxes, vehicle taxes, land taxes, and others. The russian propaganda agency RBC reported this, citing its own sources.

According to the agency, the Federal Tax Service of the russian federation has sent recommendations to the regions regarding tax increases. The agency proposed lists of commercial and office properties for which taxes are calculated based on cadastral value, as well as assessing reduced rates and eliminating ineffective tax breaks.

It is noted that the FTS’s recommendations should also apply to individuals. Municipalities are urged to review exemptions and rates for land tax and property tax.

The FPS has also instructed regional authorities to establish an electronic exchange of information regarding permits issued for the commissioning of facilities. This will make it possible to identify companies that are delaying the registration of facilities.

The regions must implement the FPS’s recommendations by June 5. The measures to increase taxes were developed at the behest of russian dictator vladimir putin.

As the Ukrainian News agency earlier reported, on June 1, Reuters wrote, citing its own sources, that russian business leaders stated that ending the war against Ukraine is necessary to restore economic growth.

As a reminder, also on June 1, Bloomberg reported, citing sources, that high-ranking government officials had warned putin that the russian budget was no longer able to sustain the colossal costs of the war.