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Russia will gradually introduce Tax free



The innovation will allow foreigners to return VAT at the rate of 18% from acquired in the country of the goods.



04.Aug.16 1:57 AM
By Shawn Highstraw
Photo Toinnov.com

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Russia will gradually introduce Tax free
The Ministry of Finance on behalf of the government should prepare a "road map" for the implementation of the system tax free. It is already known that the experiment will take place in two stages, starting early next year. "From 1 January 2017 in a limited number of participants, that is, no more than five large stores, making purchases. Without the electronic confirmation of export of goods outside Russia. And from July 1, 2017, a pilot project will be launched in full volume", - informs "the Russian newspaper".

The innovation will allow foreigners to return VAT at the rate of 18% with acquired on the territory of our country of goods. It should be noted that this principle works successfully in most foreign countries and at the same time, stimulates tourism and trade.

According to Deputy Minister of industry and trade Viktor Evtukhov, the pilot project on introduction of the tax free system can be implemented in three cities with major shopping centers such as Moscow, St. Petersburg and Sochi.




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