Sunday, June 26, 2016

The Finance Ministry denied the information about the intention to raise the VAT – Information portal of the Banki.ru

Deputy Russian Finance Minister Airat Farrakhov said that the government is not considering the VAT increase, while reducing social contributions, reports TASS.

«The government has not considered the issue, and the Ministry of Finance of proposals are not made. Moreover, in accordance with the decision of the president until 2018, these issues are not addressed, “- he said

The deputy minister added that the issue could be discussed only at the expert level

Earlier, Bloomberg.. citing sources reported that the Russian government is discussing the possibility of reducing insurance premiums while increasing VAT. As one of the officials, this measure will help the authorities to collect about 30% of the amount of wages that the company paid to employees in cash.

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