Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Get VAT Back in Tax Free Russia!
14.12.2011 17:12
Get VAT Back in Tax Free Russia!

Tax free system will be introduced in Russia from 2012. This will let foreign tourists to get value –added tax back on the goods bought in Russia. Now VAT is Russia is 18%.

Tax free will start functioning first in Moscow and St. Petersburg, then in Sochi. The program won’t spread for the citizens of Belarus and Kazakhstan, which are a part of the Customs Union.

About 200 retailers will join the Tax free Russia within half a year. Tourists will get VAT back on acquired cloths, footwear, electric goods, souvenirs and food, said the Director of   Tax free Russia, Olga Maximova.

Tax free shops will have a special sign. A tourist should fill in necessary tax free documents and put them in the retailers’ e-mail box after going through customs. The VAT sum will be transferred to the customer’s bank card or via check within three months.

The minimum sum of receipt for getting tax free will be 10 000 Rubles (about $ 330). Tourists will be able to get 8% back from kids goods and 15% from other goods. Later the minimum sum could be reduced.

Introducing Tax free system in Russia will contribute to the country’s attractiveness. Tax free system works in many developed countries. It lets to receive back from 7 up to 20% from the goods price, depending on VAT size in the country.

Author: Irina Fomina

Tags: Russian business     

Next Previous

You might also find interesting:

Vladimir Lisin became the Richest Russian according to Forbes
TikTok Small Business Advertising Platform will be Available in Russia
Net Outflow from Investing Funds in Russia Amounted to $ 20 Million per Week
An Incubator for Social Entrepreneurs
Forbes Named 15 Best Banks for Russian Millionaires

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian regions  Russian business  Fabio Capello  Megafon  St. Petersburg  life sentence  Photography  Russian medicine  Moscow  Bakhrushin Theatre Museum  Rossia   criminality  sanctions  satellite  Russian hockey  Russian people  Exhibitions in Moscow  Russian Cinema  Festivals in Moscow  sandboarding  Boris Nemtsov  Dynamo football club   Russian restaurants   Republic of Altai  Russian opera singers  crisis  Gregorian  Kolomenskoye  Russia-Peru  travel to Russia  Siberia  Ministry of Economic Development  Rurik  PermInterFest   Pavel Sukhoy  Golden Ring  Ristov-on-Don  Guinness Book of Records  Russian sport transfers  Russian football  Pussy Riot  Sokolniki Park  Mercedes-Benz Fashion Week Russia  Russian tourism  Valery Gergiev  Wooden Architecture  Russian cities  Tomsk  Armament  Leonid Bronevoy 

Travel Blogs
Top Traveling Sites