Date: 5 months ago   Category: Finance

FTS has explained decrease in positions of Russia in the rating of Doing Business on payment of taxes — Rambler News Service


Russia has fallen from the 52nd by the 53rd place in the rating of Doing Business on an indicator "Payment of taxes" including because reforms by drawing up rating were considered reforms in Russia, "gained full strength" in 2017. "Insignificant decrease in Russia in rating on the considered indicators is connected, first, with slightly big growth rate of the indicator of remoteness from the advanced practice at other jurisdictions, secondly, with the fact that according to methodology of Doing business reforms, "gained full strength" in 2017" are considered — it is said in the statement. FTS has noted that key Russian reforms have come into force since October 1, 2018. Department has cited reduction of terms of compensation of the VAT as an example (up to 8 weeks) and reduction of the threshold for the accelerated compensation of the VAT (to 2 billion rubles). Russia this year has risen by four positions and has taken 31 places in the rating of ease of business of Doing Business of the World Bank.

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