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

The Future Increase in the VAT will Affect Prices in Russia Soon
27.08.2018 00:01
The Future Increase in the VAT will Affect Prices in Russia Soon
(Source: https://odishatv.in/business_economy)

The future increase in the value-added tax (VAT) rate from 18% to 20% may affect prices already this year, as TASS reported with a reference to the review of the Central Bank of the Russian Federation titled “Consumer Price Dynamics” for July. Despite the fact that VAT will be raised beginning from 2019, prices may start to grow soon. The regulator has come to such conclusions as a result of the poll held among companies.

      Tax Regime - Choose Online

      “Although the VAT will be increased from January 2019, the impact on prices may show as early as 2018. This is indicated, among other things, by the results of the poll of companies conducted by the Bank of Russia. Some of them plan to raise prices for their products before the end of this year. This situation pretty much corresponds to the experience of countries that had previously increased VAT”, as the review says.

      Read more about Russian Business


      


Author: Anna Dorozhkina

Tags: Russian business     

Next Previous


You might also find interesting:

The Share of Unprofitable Organizations Increased in Russia
22.04.2019
Bank Deposits and Accounts of Small Businesses and Microenterprises will be Insured
24.08.2018
Online Trade in Russia is Growing
02.09.2018
Workload in Russia
28.08.2018
Malt Beer Became the Most Popular Product Exported from Moscow to China
24.03.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Bashkiria  Mercedes-Benz Fashion Week Russia  Spartak Moscow  Gourmet Tours  Republic of Tatarstan  travel to Russia  Vnukovo  Moscow  Facebook  Russian Museum  Wi-Fi on trains  Wooden Architecture  Resorts  Novosibirsk  Russian Cinema  Yavas  Krasnodar  recruitement in Russia  Quantum Technologies  Ufa  Vasily Vereshchagin  Exhibitions in Moscow  Petroleum  Konstantin Khabensky  Festivals in Moscow  Russian Fairy Tales  Tsaritsyno  Science  Krasnoyark Region  Penza  Russia surprises  Russian laws  St. Petersburg  Russian regions  Russian tourism  St. Petersburg fountains  Zheleznogorsk (Kursk Oblast)  Books  life  Russian models  Russian business  Yuri Gagarin  Sakhalin  Old Moscow  Krasnodar places of interest  disproportionate  Samara Fifa Russia  Vyazma  Stanislav Lyubshin  Russian cities 


Travel Blogs
Top Traveling Sites