- Zero VAT for the hotel industry will be maintained until 2030
- The Russian government aims to support tourism growth as directed by the President
- Zero VAT is intended to reduce tax burden, increase investment appeal, and make domestic tourism more accessible
- The extension will help improve infrastructure and service quality
- Domestic tourism is growing, with over 90 million trips last year, an 8 percent increase
- The government expanded a preferential loan program for tourism and hospitality
- About 170 major hotel projects will benefit from subsidized loans
- New projects must include family-friendly rooms
- 78,000 new hotel rooms are planned by 2030 with 1.5 trillion rubles in investments
- The Ministry of Transport is increasing routes and implementing multimodal transport to boost tourism
- Support through tax relief and loan programs is expected to accelerate tourism development and reach 140 million domestic trips by 2030
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.
