Russia’s lawmakers approve hiking VAT tax to finance defense spending

Russian lawmakers on Wednesday approved in the first reading a bill which will raise the rate of value added tax (VAT) to ...
TASS Russian News Agency

Ministry believes VAT hike by 2 percentage points won’t have major impact on inflation

MOSCOW, October 22. /TASS/. Russia’s Finance Ministry believes that the increase in value-added tax (VAT) by 2 percentage points will not have a fundamental impact on inflation, Minister Anton ...