All Russian Centre for Macroeconomic Analysis articles

  • RussianDealership
    Article

    Russian VAT hike to hit domestic car industry

    2018-06-20T11:38:49Z

    Plans to increase the VAT rate in Russia from 18% to 20% next year look set to hit the automotive and construction sectors hard, Russian economists have warned. The move, designed to collect an additional $10 billion a year for the federal budget, is believed to be the sharpest rise ...