Home World News They want to exclude alcohol-containing printing inks from excisable goods

They want to exclude alcohol-containing printing inks from excisable goods

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A group of deputies and senators proposed to exclude alcohol-based printing inks from the list of excisable goods in order to support Russian manufacturers of varnishes and printing inks under sanctions. They submitted such a document to the State Duma for consideration.

Now, in the production of printing inks and varnishes used to create food and pharmaceutical packaging, domestic manufacturers use raw materials purchased from foreign suppliers. At the same time, they could use raw materials produced in Russia – this would reduce dependence on foreign suppliers, and would also increase the competitiveness of Russian printing inks, varnishes and printed products, the developers of the document believe.

“Taking into account the manifestations of unfriendly actions on the part of foreign companies, domestic manufacturers of printing ink face the risk of complicating their activities,” the explanatory note to the document says.

In connection with this draft law, it is proposed to attribute alcohol-containing printing inks to goods that are not considered excisable. The authors of the bill proposed to make the relevant changes to the Tax Code.

“After the adoption of the law, it will be profitable to use raw materials produced in Russia, which will contribute to the development of domestic production and will reduce dependence on foreign supplies,” wrote Vice Speaker of the Federation Council Nikolai Zhuravlev in his Telegram channel, commenting on the document submitted to the State Duma.

If the law is adopted, it will enter into force one month after the date of its official publication, but not earlier than the first day of the next excise tax period.

The bill was introduced by vice-speakers of the Federation Council Nikolay Zhuravlev, Galina Karelova, senators Inna Svyatenko, Anatoly Artamonov, Andrey Epishin, Konstantin Dolgov, as well as State Duma deputies Olga Anufrieva and Yevgeny Nifantiev.

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Mahadi Hassan is the OopsTop best article writer of Heaven Is for Real and Same Kind of Different As Me. The author or co-author of two Websites, Mahadi has sold 12 million copies since 2006. He worked for eleven years as a writer and editor at the national news biweekly WORLD magazine.

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