Russia - VAT Rate Increase Confirmed
Further to a previous bulletin concerning a draft proposal, 24 July 2018 saw the Russian State Duma (parliament) approve the raising of the standard VAT rate to 20%, up from the previous level of 18%.
This new rate will come into force on 1 January 2019. The reduced rate of 10% on basic foodstuffs, children’s clothes, medicines and periodicals will, however, remain unchanged.
Should you require any VAT assistance in Russia, or require any international VAT assistance, please contact us.