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New Internet scheme FAS can lead to growth of prices by 18%

July 14
2017

the Service proposed to replace fees on purchases in foreign online stores on VAT

the Goods purchased by Russians in foreign online stores, are planning to impose VAT instead of customs duties. Because of this, the purchase could grow by 18%. The introduction of VAT to foreign online stores should bring about 100 billion rubles annually.

This amendment was discussed at the meeting in Federal Antimonopoly service dedicated to the alignment of competitive conditions for Russian and foreign online sites. "News" acquainted with the Protocol of the meeting.

Innovation is aimed at "ensuring equal conditions for business companies in Russian Federation with the use of the Internet," said President Vladimir Putin at a meeting with participants of the Russian forum "Internet economy". He also instructed agencies to propose appropriate changes to the legislation.

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