“Import substitution” in action - duty-free parcels in Russia will drop to the level of 20 euros

In the next two years, users committingpurchases in online stores abroad will have the opportunity to experience all the delights of customs duties, even when purchasing fairly cheap things. The huge turnover of direct trade with foreign partners haunts domestic officials who want to replenish the budget and large retailers, losing customers and profits.

Gradual Tightening Programduty-free trade began to be implemented in the Russian Federation from January 1, 2019, when the limit norm for duty-free trade for parcels was reduced from 1000 euros to 500. The new year 2020 carries the following decrease - up to 200 euros. However, this value is not sufficient for officials, on behalf of the head of the Russian government, representatives of the Eurasian Economic Union (EAEU) will discuss the conditions for simultaneously reducing the marginal rate to 20 euros.

Such a reduction will be carried out in stages,according to the program developed by the Ministry of Finance of Russia. So the next step in six months will be the lowering of the maximum assessment of duty-free parcels to 100 euros from July 1. Starting from the New Year 2021, a further decrease will occur to 50 euros, and as early as January 1, 2021, the price of sending a non-taxable customs duty will reach the desired level of 20 euros by the government.

During the next EAEU summit, representativesRussia, Kyrgyzstan, Kazakhstan, Belarus and Armenia will discuss the issue of simultaneously lowering the threshold for assessing non-taxable parcels to prevent citizens from trying to ship goods through neighboring countries.

Thus, under the action of customs ratesmost of the huge trade flow via the Internet will fall, which in Russia in 2019 will be almost 700 billion rubles, and next year it will grow to 900 billion rubles.

Source: Tass