The value-added tax (VAT) rate for palm oil sales will increase from 10% to 20%, while the VAT rate for the sale of fruits and berries is decreasing to 10%. The changes are expected to lead to an increase in candy and confectionery prices and a decrease in fruit prices.
Source: themoscowtimes.com
Latest Posts in "Russia"
- VAT Refund Court Practice Development Without Sales Realization in Russia
- Russian Court Rules on VAT Deductions Without Invoices in Otis Case
- Russia Proposes VAT on Foreign E-Commerce Sales to Russian Consumers
- Russia’s VAT Hike to Cut Bank Profits by $3.4 Billion in 2026
- Russian Finance Ministry Suggests VAT on Online Platform Purchases
