Tax & Accounting Blog

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VAT rates in Crimea

The State Council of Crimea has proposed new Value Added Tax rates, a standard rate of 4%, and a reduced rate of 2%, effective June 1, 2014. Furthermore, according to a recent directive by Russian President Vladimir Putin, domestic travel to Crimea will not be subject to Russia’s 18% VAT rate, but will have a rate of 0% … Read More