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The tax increase is discussed in Russian Government

DATE: October 12, 2016 | AUTHOR: atlawyers

To cover the budget deficit, the ministry of Finance proposes to increase the Income Tax (up to 20%), VAT (up to 20% too) and excise taxes in 2018-2019. Moreover, VAT shall effect the online trade and additional excise tax shall be levied upon sugar-full drinks. As Vedomosti reports, the proposals of the Ministry are discussed in the Government, however there are no official comments at the time.

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