Valentina Matvienko proposed canceling tax breaks on lobsters and oysters
The Federation Council speaker believes that funds from the abolition of benefits should be used for social needs
Quick Look
- Federation Council Speaker Valentina Matvienko proposed abolishing the 10 percent preferential VAT rate for delicacies such as oysters and lobsters.
- According to her estimates, this will bring the budget 6 billion rubles, which can be used to build schools and hospitals.
AI-generated summary
Why It Matters
In Russia, there is a preferential VAT rate of 10% on a number of food products, including some types of seafood.
Federation Council Speaker Valentina Matvienko proposed depriving seafood delicacies - lobsters and oysters of tax benefits, and directing about 6 billion rubles freed up due to this measure to the social sphere.
“We should not forget about the inventory of tax benefits. I know that work is being done in these areas, but, in our opinion, not very actively. (So), gourmet goods such as oysters, lobsters, langoustines, lobsters have a discount on the value added tax rate - instead of the required 22% they pay 10%,” the politician said at parliamentary hearings dedicated to the draft budget of the Russian Federation for 2027-2029.
What to Watch
AI outlook — possibilities, not facts
Discussion of the inventory of tax benefits within the budget process 2027-2029.
Likely · Within months
Open Questions
- Will an official proposal be submitted to the State Duma?
- How will seafood importers react?
