Draft Bill for VAT Rate Reduction Submitted in Russian Parliament
Russia's State Duma (lower house of parliament) is currently considering Bill No. 903200-7, which was submitted on 18 February 2020 and provides for a reduction in the standard VAT rate from 20% to 15%. The bill also provides for a corresponding reduction in the 16.67% reduced VAT rate to 13.04%, which applies to the sale of a company as a property complex and to e-service supplies by non-resi…
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