Russia VAT proposals following elections

Wed 28th Mar 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 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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