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Russia: Government announces preferential VAT regime for children furniture producers

Description

On 15 April 2023, the government of Russia issued Decree No. 594, reducing the rate of the Value-Added Tax (VAT) imposed on certain children's furniture items from 20% to 10%. The measure comes into f...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

15 May 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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