VATLive > Blog > VAT > Russia VAT proposals following elections - Avalara

Russia VAT proposals following elections

  • VAT
  • 28 March 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.

Latest Russian news
Russia VAT rise to 20% Jan 2019
June 15, 2018

The Russian government has approved a VAT rise from 18% to 20% on 1 January 2019. It must next be ratified by the Russian Parliament...
Russia lowers VAT low value consignment relief
April 22, 2018

The Russian Ministry of Finance has proposed lowering the VAT-free threshold for goods imported into the country – ‘low value consignment relief’. From 1 July...
Russia VAT proposals following elections
March 28, 2018

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...

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 is part of the European leadership team which this year won International Tax Review's 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.