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Russian airlines have billions in debts, need reduced VAT extension – RSPP

Russian airlines have accumulated tens of billions of rubles of debt to banks, the government and suppliers, so they need to have the reduced value-added tax (VAT) rate for domestic flights extended to the end of 2024, the Russian Union of Industrialists and Entrepreneurs (RSPP) said in its report on the draft budget for 2021-2023.

Source: interfax.com

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