1 THE FIRST OFFICIAL SPONSOR OF GROWTH SUMMIT ULAANBAATAR 2019 IS PETROVIS, MONGOLIAN BUSINESS DATABASE'S OFFICIAL PARTNER AND ALSO PARTNER FOR INCLUSIVE AND COMBINED GROWTH. WWW. MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2019/03/22      2 K-POP IN CRISIS: SCANDAL THREATENS TO END THE 'KOREAN WAVE' AND EXPOSES CULTURE OF TOXIC MASCULINITY WWW.CNN.COM PUBLISHED:2019/03/22      3 BELT, ROAD HIGH ON VISIT AGENDA WWW.CHINADAILY.COM.CN PUBLISHED:2019/03/22      4 BUILDING BRIDGES: LAST STEEL BEAM LINKING RUSSIA-CHINA RAILWAY BRIDGE CONNECTED WWW.RT.COM PUBLISHED:2019/03/22      5 ADB, LEAP TO BACK 15 MW IN MONGOLIA WITH $18.7M LOAN WWW.PV-MAGAZINE.COM PUBLISHED:2019/03/22      6 ERDENET MINING CORPORATION BECOMES 100 PERCENT STATE-OWNED ENTERPRISE WWW.MONTSAME.MN PUBLISHED:2019/03/22      7 ULAANBAATAR CITY COMPETITIVENESS INDEX RISES 7 PERCENT WWW.ZGM.MN PUBLISHED:2019/03/22      8 MORE BORDER BLUES! MONGOLIAN COAL DENIED ENTRY TO CHINA WWW.NEWS.MN  PUBLISHED:2019/03/22      9 CHINA WANTS SOFT POWER. BUT CENSORSHIP IS STIFLING ITS FILM INDUSTRY WWW.CNN.MN PUBLISHED:2019/03/21      10 MONGOLIA TO BUILD NEW SPORTS COMPLEX FOR 2020 CHILDREN OF ASIA GAMES WWW.ANOCOLYMPIC.ORG  PUBLISHED:2019/03/21      ОРОН НУТГИЙН ХУВИАРАА БИЗНЕС ЭРХЛЭГЧ 50-90 ХУВИЙН ТАТВАРЫН ХӨНГӨЛӨЛТ ЭДЭЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/03/22     ЖИЛД 1.5 ТЭРБУМ ХҮРТЭЛХ ТӨГРӨГИЙН ОРЛОГОТОЙ АЖ АХУЙН НЭГЖ ТАТВАРЫНХАА 90 ХУВИЙГ БУЦААН АВНА WWWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/03/22     ДӨРӨВДҮГЭЭР САРЫН 1-НЭЭС ӨР, ОРЛОГЫН ХАРЬЦАА 60:40 БОЛЖ, ИРГЭДИЙН ЗЭЭЛ АВАХ ХЭМЖЭЭ БУУРАХ НЬ WWW.IKON.MN  НИЙТЭЛСЭН:2019/03/22     НИЙСЛЭЛИЙН ӨРСӨЛДӨХ ЧАДВАРЫН ЕРӨНХИЙ ИНДЕКС 2017 ОНООС ХОЙШ 7.1 ХУВИАР САЙЖИРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/03/22     ”ЭРДЭНЭТ ҮЙЛДВЭР” ХХК БОЛОН “МОНГОЛРОСЦВЕТМЕТ” КОМПАНИЙГ ТӨРИЙН ӨМЧИТ ҮЙЛДВЭРИЙН ГАЗАР БОЛГОЛОО WWW.IKON.MN  НИЙТЭЛСЭН:2019/03/22     БНСУ-ЫН ЕРӨНХИЙ САЙД ЛИ НАГ ЁН МАНАЙ УЛСАД АЙЛЧИЛНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/03/22     ХЭРЭГЛЭЭНИЙ ЗЭЭЛИЙН ТААЗ АМ.ДОЛЛАРЫГ ХАЗААРЛАЛАА WWW.ZGM.MN  НИЙТЭЛСЭН:2019/03/22     БОДЛОГЫН ХҮҮГ 11 ХУВЬД ХЭВЭЭР ХАДГАЛНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/03/22     ТЭНХЛЭГ ЗУУЧ: II САРД ОРОН СУУЦНЫ ҮНИЙН ИНДЕКС 1.062 НЭГЖ БОЛЖ , ӨМНӨХ САРААС ӨСЛӨӨ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/03/21     “FITCH SOLUTIONS” МОНГОЛ УЛСЫН ЭДИЙН ЗАСГИЙН ӨСӨЛТИЙН ТӨЛӨВИЙГ 6 ХУВЬ БОЛГОН БУУРУУЛЛАА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/03/21    

Russia considers introducing tax on cash transactions www.rt.com

The Russian Ministries of Finance and Economic Development are working on the way to reduce cash payments, business daily Vedomosti reports. The goal is to move away from the shadow economy and corruption that comes from money laundering and tax evasion.

According to the newspaper, the ministries are considering banning the payment of salaries in cash, limiting large cash purchases or introducing a cash tax.

Officials want to limit cash purchases of real estate, cars, and luxury items, but the cut-off price is being discussed. The economists are also looking at examples of India and Azerbaijan that limit not only cash transactions, but also cash withdrawals.

In January, the Russian media reported the government is considering setting a single cash purchase limit at 500,000 rubles (about $8,750 at the current exchange rate). Minister of Finance Anton Siluanov backed the initiative without specifying the limit.

At the moment, Russians still prefer cash transactions. In the first nine months of 2016 holders of bank cards withdrew 19 trillion rubles ($330 billion), but only spent 8.7 trillion ($150 billion) to pay for goods and services using plastic.

The share of cash in circulation is about nine percent of Russia’s Gross Domestic Product, according to the Central Bank.

Businesses are complaining about high costs and service fees of points of sale (POS) terminals in Russia, which may cost up to 10 percent of net profit a month.

Another option under discussion is a differentiated VAT (value-added tax) rate, which can be reduced for non-cash purchases. However this option partly violates the ban on restrictions on free movement of goods and funds in Russia and is unlikely to be adopted, tax adviser Sergey Kalinin told Vedomosti.



Published Date:2017-02-22