The Russian parliament is considering draft Bill No. 237553-8, which was submitted on 17 November 202 and provides for a reduction in the VAT rate on certain socially important goods. This includes a reduction in the rate from 10% to 5% on food products, goods for children, books and periodicals, and several foreign and domestically produced medical supplies.
Source Orbitax
Latest Posts in "Russia"
- Russia Proposes 2026 Tax Relief and Flexible Rules to Support SME Transition
- Russian Finance Ministry Explains New VAT Rate Impact on Lease Accounting Under IFRS
- Catering Businesses to Be Exempt from VAT Starting April 1 Under New Tax Law Amendments
- Are Educational Services Provided by Medical Institutions Subject to VAT?
- New VAT Return Form and Rates for Q1 2026: Updated Requirements and Control Ratios
