Russia: Digital tax under consideration

Russia: Digital tax under consideration
  • Clock-gray 14:13
  • calendar-gray 10 February 2021

Russian Ministry of Finance is examining other countries' experience with the introduction of digital tax, Deputy Finance Minister Alexey Sazanov revealed on Wednesday, APA reports citing Teletrader.

From services they provide in Russia, foreign digital giants earn profit that is not taxed in the country as the companies "often do not have representative offices here," he noted in an interview" with KPMG. "We will strive to change the situation and tax this profit," Sazanov underlined.

The Russian government official also stated that Moscow is discussing the topic of "supranational" digital tax with the Organisation for Economic Co-operation and Development (OECD).

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