The government has decided on the size of the new tax for digital companies, it will be 3%, an official at the Ministry of Digital Development, Communications and Mass Media told Forbes, and an interlocutor at the IT company confirmed. Foreign corporations, including marketplaces, will pay this interest on the income they receive from Russian users.
For example, Facebook will have to give 3% of how much the company earned from payments of Russians or from monetizing their anonymized data, the official explained. The taxes received from foreign companies will be directed to incentives for domestic digital companies, since “they can no longer be financed from the state budget,” he said.
The introduction of such a tax is indeed being worked out, the representative of the Deputy Prime Minister Dmitry Chernyshenko confirmed to Forbes. According to him, now the government is considering two alternative options: introducing the tax unilaterally or joining the global tax system, which is being worked out by the Organization for Economic Cooperation and Development (OECD). If Russia joins the global taxation system, the size of the tax may change.
In the fall of 2020, the OECD-G20 working group presented details of its work on the coordinated introduction of a global minimum taxation on a portion of the income of transnational corporations. The draft of the first package of measures (Pillar One) aims to “build a sustainable tax system in the digital world economy” and describes its technical details.
The second package of measures (Pillar Two) focuses on the possibility of “reverse taxation” of multinational companies in cases where the tax authorities of the jurisdiction where the profit was made “did not use their right to tax it” or its effective rate was low.
Read more in the publication “Kommersant” “Not lower than the lowest.”