· Tires may be subject to excise tax in Russia

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According to a Russian business consulting website, the Russian government recently decided to introduce a list of consumption tax on products, including car tires.

According to the news, the program is currently in the discussion stage.

Commenting on the program, Andrei Banjoff, chairman of the Russian Tire Manufacturers Association, said that when the sales of new cars are reduced and the purchasing power of consumers declines, the consumption tax on automobile tires will only lead to further shrinkage of the market and prices will rise again. .

Experts stressed that in Russia, the car itself is a commodity with a consumption tax, and if it imposes an additional consumption tax, it may lead to excess parts of the car.

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