CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Russia To Hike VAT Rate To 22 Percent By 2019

Russia To Hike VAT Rate To 22 Percent By 2019

by Mary Swire, Tax-News.com, Hong Kong

16 May 2017


To fund future tax cuts for companies, the Russian Ministry of Finance has proposed hiking the headline value-added tax rate.

Under its newly announced plans, the rate would rise from 18 percent to 22 percent from 2019.

According to the ministry, revenues from the significant increase would enable Russia to lower social security contributions paid by companies in respect of their employees. The reforms would be revenue-neutral, despite the increase to the value-added tax rate being one percent greater than previously anticipated.

TAGS: Russia | Finance | VAT rates | tax | value added tax (VAT) | employees | social security

To see today's news, click here.

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 











Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »