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Putin instructs RF government to adopt amendments to legislation to introduce luxury tax

The president also called for the introduction of a tax on fashionable real estate

Photo ITAR-TASS

Photo ITAR-TASS

MOSCOW, April 30 (Itar-Tass) - Russian President Vladimir Putin has instructed the RF government by November 1 to ensure the introduction of amendments to the Russian legislation aimed at the imposition of a tax on luxury goods. The head of state issued this instruction after the April 25 televised live call-in show with Russians, the Kremlin press service reported.

During the dialogue with the citizens the head of state called for the introduction of a tax on luxury cars and real estate. He said that already now it is proposed to double the standard tax rate on cars with the price of more than 5 million roubles, and triple - on cars with the price of more than 10 million roubles (the corresponding bill is under consideration in the State Duma). “Not so many people use such cars, and I think that this measure is not so much fiscal as moral,” Putin said.

The president also called for the introduction of a tax on fashionable real estate. “I think that it is necessary to introduce an additional tax on it as well,” he said. “However, the government has a hitch in this regard. Despite my repeated conversations with members of the government, they cannot somehow find a proper and necessary means to introduce this system in relation to real estate.”

Putin suggested that there was a hitch due to the lack of cadastral valuation of land and urged the authorities to push this process.

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