Friday, April 10, 2009

I. Trunin: Ministry of Finance will support the NRF proposals to increase revenue in times of crisis, but was opposed to changes in tax legislation

Ministry of Finance intends to support a number of Federal Tax Service of the Russian Federation for an increase in crisis profitable part of the federal budget. Told reporters the head of the tax department of the Ministry of Finance Ilia Trunin.

However, he said, the Ministry of Finance opposes the initiative, which would entail major changes in tax legislation.

Trunin added that the Ministry of Finance, in particular, the NRF will not support any initiative to introduce new taxes or increasing VAT. "And everything else we are discussing with the concerned authorities," - he continued.

Trunin noticed that the NRF proposals generally relate to enhancing the effectiveness of the tax authorities, including in times of crisis. These suggestions follow from the usual arbitration practice, and some of them relate to technical issues on the organization of the tax authorities. "They relate not only taxation, but registration and banking information," - explained the director of the department.

Replying to a question whether the proposal on access to bank information the tax authorities that they will receive information about the movement of funds from bank accounts, Trunin said that a decision has yet been taken, the question under discussion. He recalled that while the bank authorities did not have such a right, but taxpayers are required to notify them of the opening and closing accounts.

Trunin also remarked that the issue of access to tax bank secrecy should be given to the Bank of Russia, and the question of bankruptcy and registration yurlits - with the Ministry of Economic Development. Ministry of Finance will determine its position on the initiatives of NRF by 15 April, entered into a department head.

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