Russia: Russia Introduces New Fees to Retailers in Large Cities

Russian President Vladimir Putin recently signed a law amending the Tax Code that enables the introduction of a new trading fee for retailers in the federal cities (Moscow, St. Petersburg and Sevastopol). The tax is paid by organizations and individual entrepreneurs, except for those working on the patent system of taxation. The new trading fee may be introduced in the federal cities after July 1, 2015. The Association of Retail Companies (ACORT) officially asked Vladimir Putin to veto the Law which is unlikely as he has publically stated that the new fees are necessary since retailers pay almost nothing in taxes to local budgets.

Russia: Russia Introduces New Fees to Retailers in Large Cities