Russia proposes an increase in its 18% VAT rate |
|
22 February 2012 The The rise is part of a range of measures which aim to tackle faltering government revenues, and an overdependence on oil duties. The Russian state spend is heavily burdened with defence and civil protection bills. A range of Russian VAT increases – 2% to 4% - are being reviewed. In addition, it has been suggested that the employment tax and insurance contribution bill be returned to 34%. |
