- The VAT increase in Russia will not be permanent.
- President Putin emphasized the goal is to reduce the tax burden in the future.
- The VAT rate is being raised from 20% to 22%.
- The government expects to eventually lower taxes after this temporary increase.
Source: tass.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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