Bankers strongly oppose the government’s proposals to compensate for budget losses from the tax maneuver in the IT industry through the elimination of VAT exemptions for the software (the software). According to estimates of market participants, namely banks as large consumers as a result will provide about half of the payments to the budget. But their own products are not subject to VAT, so netting impossible. In this situation, the financiers asked to keep benefits at least for banks, threatening to delay development of Informatization and the rise in price of services.On June 29, the scheduled meeting with the head of the Ministry digital development Maksuta Shadaeva on the tax maneuver in support of the IT industry. In particular, we will discuss the cancellation 2021 exemptions from VAT on the sale of exclusive rights to software and rights to use under license. Already in 2021 it should bring in the budget of 42.5 billion rubles. FOR a License can rise by an average of 16.67% (see “Kommersant” on 25 June).By estimations of participants of the market, the main burden from the abolition of benefits will fall primarily on the banks, which provide about half of the payments to the budget. While banking products are not subject to VAT, we are talking about direct costs. In Russia, VAT is calculated on the seller, if the buyer is not entitled to a deduction.”The abolition of the VAT exemption would lead to a significant increase in the cost of software for the Bank, as it’s a significant item of expenditure. Banks will be more difficult to develop IT at the pace that was planned,— emphasized in VTB.— The premature cancellation of privileges, and it will have a negative impact on the banking sector”.According to a member of the Board of Bank “Opening” Sergey Rusanov, “it is strange that the initiatives in the field of IT, which should be aimed at stimulating the development of technology for a large share of consumers underestimate this motivation, thereby narrowing the market.” “We believe the initiative is critical for banks, when viewed in conjunction with the initiative for the transition of banks to use Russian software, according to the decree of the President”,— adds the Deputy Director of the group QIWI Maria Shevchenko.As explained in Tinkoff Bank, cancellation of benefits without taking into account the realities of the market, for example, the fact that banks have already largely become IT companies, but can’t apply for IT-benefits, can lead to significant loss of business. We will focus on reducing purchases BY banks, delay automation industry, and consequently to a reduction of IT companies ‘ earnings, concludes a member of the Board of Directors of the rnko “Payment center” Alexander Pogudin.”Expenses banks software is one of the highest in the Russian economy, confirms the head of the tax practice Vegas Lex Yury Ivanov.— I don’t think this will lead to Bank insolvency, but it can businessI’m on the cost of services”. Senior associate BGP Litigation Denis Savin believes that as a result the credit institution can just start buying less, and that will slow down the development of IT in the banking sector.”Benefit is a real economic advantage for sectors that consume the services IT developers, primarily in the banking and financial sector,— adds the FBK Legal partner Nadezhda Orlova.— For banks, the article the cost of financing is one of the most important”. “In this case we can say that the tax maneuver for the IT industry, partly to Finance the banks, or their shareholders, but we should not forget that more than 60% of the banking system, state banks that in difficult times, have received state support,” concludes managing Director of the NKR Stanislav Volkov.The Central Bank, the Finance Ministry, the communications Ministry on request “b” did not answer. Kommersant’s source did not exclude that the question on preservation of incentives for banks may be raised at the meeting on 29 June. Vice-President of the Association of Russian banks (ADB), Alex Voilukov said that the organization is ready to provide market participants with “a platform for dialogue with regulators” on the issue.Ksenia Dementieva
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