First report 1h ago•Last update 1h ago
Russia's State Duma Approves 22% VAT on Foreign Online Purchases
The Russian State Duma has approved a 22% VAT on goods purchased from foreign marketplaces in its first reading, aiming to level the playing field with Russian stores.
Background
Russia has been implementing various economic policies amidst ongoing international sanctions and geopolitical tensions. The government frequently adjusts regulations concerning trade, finance, and domestic markets, often citing national interests or economic stability. These measures impact both citizens and international businesses.
Quorum · collective opinions
State Duma Approves 22% VAT on Foreign Online Purchases
First report 7h agoLast update 5h ago1 takes 1
price increase on foreign goodsneutralShow 3 posts
started 7h ago•Last update 5h ago
A new 22% VAT on goods from foreign marketplaces will significantly increase their prices for Russian consumers.
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