The Russian Federation Council has approved legislation on local duties on retail facilities.
The legislation introduces a new chapter titled 'Retail duty' to the Russian Tax Code, under which such a duty may be imposed on retail facilities in the federal cities of Moscow, St. Petersburg, and Sevastopol starting from July 1, 2015.
State Duma budget and tax committee head Andrei Makarov had said earlier that Moscow was the only city that could impose such a duty starting from July 1, 2015. "This document envisions the imposition of the duties only in federal cities. At the same time we understand, and this is a firm agreement confirmed at a conference hosted by the prime minister, that these provisions will concern only Moscow in 2015," Makarov said.
The duty will have to be paid by organizations and individual business people engaged in retail business. Individual business people using the patent taxation system will be exempted from paying the duty. The use of movable or immovable property for retail trade at least once in a quarter will be qualified as taxable activity.
Trade through stationary and mobile retail facilities, the dispatch of goods from a warehouse, and the organization of retail markets will be subject to the retail duty.
The taxable period for retail duty is one quarter.
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