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Russia VAT rise to 22% January 2019


Russia VAT rise to 22% January 2019

The Russian Finance department has confirmed that it intends to raise VAT from 18% to 22% on 1 January 2019.  The rise will help fund an cut to the employees tax rate to 22% from 30%.

The Russian government deficit has widened over the past few years with the decline of oil revenue taxes associated with the sharp drop in crude oil prices.  Although recent economic figures have been more promising with increases in private consumption and manufacturing.


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.