Russia may gradually replace VAT by sales tax in 2009-2011

Business finances, including banking, bookkeeping, VAT and other taxes.

Russia may gradually replace VAT by sales tax in 2009-2011

Postby Markus » 04 Jan 2010, 16:13

Russia's value-added tax may be gradually replaced by the sales tax in 2010-2011, a presidential adviser said.
The head of the expert department with the Kremlin administration, said the move was related to the refund of the value-added tax on export operations, which involved a complicated procedure in comparison with the sales tax.
"We are becoming increasingly convinced that we need to withdraw from this tax [value-added tax] gradually in 2009-2011," Dvorkovich said.
Dvorkovich also said the gradual replacement of VAT with the sales tax would allow the government to make the transition without any significant budget losses.
Markus
 
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Re: Russia may gradually replace VAT by sales tax in 2009-2011

Postby Raykirk » 25 Sep 2010, 04:21

I've noticed it in the first place that export operations are very complicated when it comes to sales tax. I think it is because of the lack rules in imposing VAT in regards with this. The Government should make an action for this issue.
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