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: [email protected].