Russian authorities intend to increase fines for dozens of economic offenses, from fraud and tax evasion to illegal entrepreneurial activity, by 1.5 to 3 times. The proposal comes from the Ministry of Justice, and on November 10, the governmental commission for legislative activity approved the corresponding changes in the Criminal Code, according to two sources cited by Vedomosti.
The explanatory note of the initiative emphasizes that the current sanctions have lost their deterrent efficiency, and updating the amounts is necessary.
Thus, for fraud (art. 159 Criminal Code), the fine will increase from 120-300 thousand to 150-500 thousand rubles, and the maximum will be raised from 1 million to 1.5 million rubles.
Tax evasion (art. 199) will be punished with fines between 500,000 and 1.5 million rubles (compared to 200-500 thousand currently), and in case of particularly large damages, the fine will reach 5 million rubles.
Illegal economic activity (art. 171) will be penalized with a fine of up to 1.5 million rubles (compared to 300 thousand now), and for serious cases – up to 2.5 million rubles.
For causing material damage by deception (art. 165), the fine will be up to 700 thousand rubles, and in serious cases – up to 4 million.
Details, HERE