Russia VAT proposals following elections
- Mar 27, 2018 | Richard Asquith
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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