The MAYOR proposes to take into account the increase in VAT in the calculation of tariffs of housing and communal services
As explained by the newspaper “Izvestia”, the cost of utilities will remain the same, but the total amount will increase due to quantities included in the payment of the tax.
MOSCOW, August 6. /TASS/. The Ministry of economic development proposes to consider the increase in VAT by 2% in the calculation of tariffs for housing and communal services. On Monday the newspaper “Izvestia” with reference to the press service of the Ministry.
“Changes in tax legislation from 1 January 2019 to significantly increase the risk of a shortfall in income from energy suppliers, which in turn may lead to deterioration of their financial condition. Therefore, the Ministry of economic development proposes to consider appropriate changes in tariffs”, — said the press service of the MAYOR.
As the paper explains, the cost of the utility will remain the same, but the total amount will increase due to the magnitude of tax included in the payment.
As a confirmed “Izvestia” in the Ministry of construction, compensation for energy supply companies, including through appropriate changes in tariffs from January 2019, are discussed in the Department.
Earlier the President of Russia Vladimir Putin has signed a law that increased the value added tax (VAT) from 18% to 20% and the new rates of social security contributions. The document was adopted by the Parliament on 24 July and approved by the Federation Council on July 28.