Awara — Russia Passes Police Line Raising Vat To 20%

Yesterday the State Duma inwards the 3rd together with concluding reading passed a neb increasing the charge per unit of measurement of Value Added Tax from 18% to 20%. The increment volition last effective starting from Jan 1, 2019. At the same time, Russian authorities is planning to exceed away along the electrical current reduced VAT rates (10% together with 0%) for socially of import goods together with services.

Thus, past times the destination of 2019 the budget volition have an additional RUB 620 bln, which volition last used to implement President Putin’s spending plan....

Awara
Russia Passes Law Raising VAT to 20%

Awara Group