RUSSIAN GOVERNMENT TO INTRODUCE TAX FOR UNHEALTHY FOOD
February 1st, 2016
The Russian government has drafted detailed plans to tax palm oil, to reduce consumption of an ingredient it deems unhealthy and to boost revenue. The idea, finance ministry officials have told just-food, is supported by President Vladimir Putin.
The plans involve introducing an excise tax on palm oil from July 1 are already in place, with a USD200/tonne rate being approved by the finance ministry.
In a note sent to just-food, the finance minister Anton Siluanov said: “The excise duty on palm oil could be introduced in Russia…in the second half of 2016. ...
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