In spite that the authorities have refused rather challenged decision on the introduction of sales tax, business and citizens will even so have to experience the increase of the level of tax burden.

On the 21th of November the State Duma has passed the law, which allows the introduction of sales charges in three cities of federal importance since the 1st of July 2015, i.e. in Moscow, Saint-Petersburg and Sevastopol. Sales charges in municipal units, not being a part of these cities, can be introduced only after adoption of relevant federal law.

The sale tax will be collected quarterly. The new tax will be paid by enterprises and individual entrepreneurs engaged in stationary and non-stationary trading, sale from stock, as well as in organization of retail markets at the rate of not more than 550 RUB per 1 sq. m of the area of such market (with annual indexation by a deflator coefficient).

The entrepreneurs, using patent system of taxation, and agricultural single tax payers are exempted from sale tax.

Besides that, the bill provides for the increase since 2016 of the limiting date of real estate possession from three up to five years, proceeds from whose sale are exempted from personal income tax.

A three year period is preserved for real estate, which is propagated or transferred by gift agreements from family members or close relatives, privatized, transferred by a life estate agreement. The minimum taxable income by real estate sale is prescribed at the rate of cadastral value (if it is determined) multiplied by decreasing coefficient 0,7.

By the law of the subject of the RF the minimum limiting date of real estate possession and decreasing coefficient value can be reduced to 0. These standards will be extended to real estate transactions, which will be closed by citizens after the 1st of January 2016.

Information agency Credinform offers to get acquainted with the ranking of Russian auto dealers. The companies with the highest volume of revenue involved in this activity were selected by the experts according to the data from the Statistical Register for the latest available period (for the year 2013). Then, the first 10 enterprises selected by turnover were ranked by decrease in current ratio.

Current ratio measures company’s ability to discharge its short-term liabilities and shows, what part of current assets will be taken by the settlement of debts. This indicator is calculated as the relation of the sum of current assets of an enterprise to its short-term liabilities and allows investors to estimate an expected business performance, probability of insolvency, bankruptcy. Recommended values: from 2,0 to 3,0.

Russian car market goes through hard times today: since June of the current year the market has been topping all new anti-record levels of sales volume. So that, for 9 months 2014 it was sold slightly less than 2 mln new cars in Russia, what is by 12,7% less than for the similar period of the current year.

However, in October the situation in the market has become a little better: at the end of October the sales volume has reduced by 9,9% (in comparison with October of the year 2013), what is a good result after the fall in September by 20,1%, and in August – by 25,8%. The experts explain good results of October sales by entering into force of a new scrappage program.

As a reminder, the new scrappage program has been working since the 1st of September 2014, according to which a car owner may not only get its vehicle scrapped, but also may use the trade-in mechanism (scrap an old car in payment for a new one). By participation in the scrappage program an owner receives a discount for purchase of a new car. At the beginning of the action the great majority of clients have preferred to scrap cars. But now the experts notice a sustainable growth in the trade-in segment. For October the amount of dealer centers jointed the active scrappage program has increased by 50% and exceeded 2 500, the list of manufacturers is also increasing.

Current ratio of auto dealers, TOP-10

Summing up the results of the represented ranking it should be noted, that only one company Honda Motor Rus LLC showed the current ratio value being as per current standards. The company got the highest index GLOBAS-i®, what characterizes it as financially stable one.

Yaguar Lend Rover LLC takes the first place of the ranking with the current ratio value 3,28%, what is more than the recommended value, because current assets exceed significantly the short-term liabilities. By that the largest share of current assets is accounted for by cash and debt receivable, i.e. liquid current assets. What can testify to a positive result for the given company, and is confirmed by a high solvency index GLOBAS-i®.

The rest companies of the ranking showed the current assets values being below the recommended values, because current assets exceed slightly the short-term liabilities. But by that all enterprises got a high and the highest index GLOBAS-i®. Now therefore, the fact is confirmed once again, that for a full assessment of company’s financial stability a comprehensive approach is of necessity, and an assessment given by relying just only on one indicator will be biased one.