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Главная \ News \ The Ministry of Economic Development is counting on improving Russia's position in the Doing Business ranking of taxes and foreign economic activity

The Ministry of Economic Development is counting on improving Russia's position in the Doing Business ranking of taxes and foreign economic activity

It is noted that in terms of “Taxation” of the Russian Federation may take the 30th position by 2024. In 2017, according to data the country ranks 52nd position by this indicator.

The Ministry of Economic Development is gradually improving its position by 2024, in particular on the Taxation and International Trade indicators, in the Doing Business rating (Doing Business), which is prepared annually by a division of the World Bank. This is stated in the list of measures developed by the Ministry of Economic Development to improve the business environment “Transformation of the business climate”.

Thus, in terms of the indicator “International Trade”, a reduction in time and financial costs is foreseen for participants in foreign economic activity while passing through border and customs control. For export, the values for 2017 were 72 hours and $665. The ministry suggests a gradual decrease in these indicators, which by 2024 could be 24 hours and $250. When importing goods, the same figures for 2017 were 39 hours and $588, and by 2024 – 24 hours and $250, respectively. According to the latest measurement, Russia is in the 10th place in the Doing Business rating in the “International Trade” section, which, according to the Federal Customs Service, was an unfair and undervalued assessment.

Doing Business rating reflects the degree of ease of running small and medium businesses. The cumulative assessment of business conditions consists of 10 indicators: registration of enterprises, obtaining building permits, connecting to the electricity system, registering property, obtaining loans, protecting minority investors, taxing, international trade, enforcing contracts and resolving insolvency. In 2012, Russian President Vladimir Putin set the task for the government: Russia should rise in the ranking from the 120th position in 2011 to the 20th. Russia has risen to 35th place in the Doing Business-2018 rating. In 2017, the result of Russia was five steps lower – 40th place. On the eve, Prime Minister Dmitry Medvedev said at a meeting of the Advisory Council on Foreign Investment in Russia (FIAC) that the Russian authorities are continuing to work to improve conditions for business in the country. He noted that over the past year Russia has grown at once in two international ratings – Doing Business and the Global Competitiveness Index. According to him, the situation is not perfect, but it is significantly better than a few years ago.

 

Source: www.tass.ru

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