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  • Putin opts for Russian sales tax over VAT increase
Russia Economy Legislation & Taxation

Putin opts for Russian sales tax over VAT increase

01/08/2014

Russian sales tax: President Putin has decided to introduce a sales tax instead of raising VAT as a means of boosting government revenues. It is believed that the new tax will be set at around 3% and could raise as much as RUB1trn over the next three years. The Moscow Times

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Topics: consumer trends, macroeconomics, tax

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