Russia lowers VAT for hotels to zero

Russia lowers VAT for hotels to zero –

In Russia, the VAT rate for hotels and other accommodation facilities has been zeroed.  Russian President Putin, clearly feeling sanctions signed this regulation into law on March 26. Zero VAT will start on April 26, 2022. The current VAT is one of the highest in Europe with 20% In addition, Russian hotels will receive a tax incentive, according to Federal Law No 67-FZ. For new facilities and for facilities that have undergone renovation, the zero VAT rate will be valid […]

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