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Russia Proposes VAT Reduction on Essential Food Items to Combat Inflation and Boost Purchasing Power

  • Russia’s parliament proposes reducing VAT on certain food items from 10 percent to 5 percent
  • The initiative aims to combat inflation in the food sector and enhance consumer purchasing power
  • Draft law No. 955850-8 was submitted to the State Duma on 1 July 2025
  • Targeted goods include essential items such as meat, dairy, eggs, vegetable oil, sugar, salt, grains, bread, pasta, live fish, baby and diabetic food, and fruits and vegetables

Source: regfollower.com

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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