Page 82 - RusRPTOct22

says Janis Kluge, senior fellow at the German Institute for International and Security Affairs. From his calculations, it follows that 75% more was spent on the military machine than a year earlier (2.06 trillion in January-September 2021).
An increase of the gas extraction tax could net the Russian budget Rb2tn from Gazprom over the 2023-2025 period, or cRb670bn annually, reports Interfax, referencing a draft law submitted to the Duma. The plans to increase the gas MET were reported earlier this month alongside plans to increase gas export duties, impose higher taxes on LNG production, and potentially raise oil export duties temporarily, among other revenue-raising ideas.
Government announced it was raising tariffs for households on energy, water & heat up to 9% early from December 1, instead of scheduled mid-2023 increase within 4%. Especially sensitive for poorer Russians including pensioners.
Authorities also plan to raise fiscal burden on businesses by effectively increasing compulsory pension and medical insurance contributions employers pay for Russian workers as a percentage of their salaries.
Russia’s largest business lobby, RSPP, has issued unusually stark statement complaining about “surprising amendments to system of social insurance payments which contradict earlier agreement [between large businesses and the state]”.
From 2023, the government plans to increase the base for calculating social insurance premiums. The single cap on fully contributory salaries will rise to RUB 1.92mn. against planned before tough sanctions 1.57mn
The maximum value of the base for calculating insurance premiums, which employers will begin to pay in a single payment from 2023, will be 1.917mn rubles from January 1, 2023. This follows from the draft budget of the Social Fund, which RBC got acquainted with.
From 2023, Russia will merge the Pension Fund (PFR) and the Social Insurance Fund (FSS) into a single Social Fund. In addition to administrative changes, the merger involves a new model for paying insurance premiums. From 2023, all employers will pay both pension contributions and payments for social and medical insurance in the same amount (30% of the wage fund), but in the form of a single payment and based on the availability of a single base.
As long as the employee's salary in the cumulative total within a year does not exceed the base, companies pay the full tariff (30%) from it, and if the amount of earnings is higher, the tariff is reduced to a preferential rate of 15.1%. Thus, the higher the marginal value of the base, the longer the full insurance premiums for the employee are transferred.
82 RUSSIA Country Report October 2022 www.intellinews.com