The state Duma adopted in the first reading the government draft law on increase of the VAT rate.

According to the document, From January 2019, the tax rate will increase to twenty % From the current eighteen. This step, according to the calculations of the Cabinet, will allow to increase budget revenues by 620 billion each year.

While preserving reduced rates of VAT. Will also remain in force rights of automobile manufacturers to obtain a deduction for amounts of VAT paid When purchasing goods, works and services, even if they were acquired at the expense of budgetary subsidy or investment. The bill Also maintains the current contribution rate for compulsory pension insurance
sections: Politics