Evgeny Odinokov / RIA Novosti
The Ministry of health has supported the initiative of the Ministry of Finance to introduce excise duty on ethyl alcohol for production of perfumery and cosmetic products in 2019. About this report “Izvestia” with reference to the press service of the Ministry.
In particular, the Ministry of Finance offers from 2019 to levy a tax to 523 rubles per liter of absolute alcohol and 107 rubles per liter of denatured alcohol. For producers able to confirm that the raw material was used, there is a tax deduction.
According to the authorities, this measure will eliminate the economic interest of manufacturers of illegal alcoholic production. The health Ministry also believe that cosmetic products are not more expensive.
However, according to Executive Director of Russian perfume and cosmetic Association Alexandra Skorobogatova, the vast majority of perfume manufacturers can not pay the excise tax, this will need to increase working capital several times.
If the bill is passed, perfumery and cosmetics will rise in price at least in half, I’m sure Skorobogatova. In addition, in the long term will lead to reduction of jobs and revenues.
At the end of June it was reported that the government decided to introduce in 2019, the excise tax on blend for hookahs. In may, authorities have advocated increasing excise taxes on tobacco and alcohol at least 10 percent.
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