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Russia VAT proposals following elections

  • Mar 27, 2018 | Richard Asquith

Russia VAT proposals following elections

Following the re-election of Russian President Putin, a number of changes to the VAT regime are being proposed to help meet election healthcare and infrastructure commitments. The possible changes include:

  • Dropping the planned cut in foodstuffs and medicines VAT rate to 10%
  • Introduction of a turnover tax of 4%

A rise in the 13% income tax rate is also being considered.


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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2019 Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.