Children’s Furniture of Domestic Production to Be Taxed at Preferential VAT Rate from March 6, 2024

• Domestic children’s furniture will be taxed at a preferential VAT rate
• A bill is being developed to expand the list of goods taxed at a reduced rate
• The bill includes adding children’s furniture and socially significant goods for children
• The aim is to stimulate domestic producers and increase the availability of Russian-made children’s products
• The bill can be viewed on the official State Duma website
• Tags: bills, initiatives, taxes, VAT, legal entities, Federation Council, Liliya Gumerova

Source: garant.ru

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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