Deputies have proposed lowering the VAT on essential food products from 10% to 5% to make them more affordable for consumers. The comprehensive list of included items ranges from meat, dairy, and eggs to bread, pasta, fruits, and vegetables, as well as baby and diabetic food. This measure is anticipated to reduce prices, ease family budget burdens, and help curb food inflation.
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.
Latest Posts in "Russia"
- Russia’s VAT Hike to Fund Defense Spending Expected to Increase Inflation by 1% Next Year
- Russia’s SPOT System Boosts VAT Revenue Growth in Federal Budget for Second Year
- Russian Finance Ministry Proposes VAT on Foreign Marketplace Purchases Starting 2027
- Russian Finance Ministry Proposes VAT on Foreign Goods from Marketplaces, Gradual Rate Increase Planned
- New Control Ratios Added to VAT Declaration for Enhanced Taxpayer Self-Monitoring and Compliance