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World VAT/GST News

World VAT/GST News April 2020

By April 25, 2020July 10th, 2021No Comments

The Russian government recently proposed that it will gradually reduce its Value Added Tax (VAT) rate from 20%…

Russia

✓ The Russian government recently proposed that it will gradually reduce its Value Added Tax (VAT) rate from 20% to:
o 18% from 2021;
o 15% from 2023; and
o 12% from 2025.

The above information was kindly provided by Fiscal Solutions (UK), www.fiscalsolutions.co.uk;
contact: contact@fiscalsolutions.co.uk.