MIL OSI Translation. Region: Russian Federation –
The Ministry of Industry and Trade of Russia plans to extend the experiment on the implementation of the tax free system in Russia until December 31, 2022 and expand the service to five more regions – Amur, Vladimir, Irkutsk, Pskov regions and Kamchatka Krai, the ministry said.
“The Ministry of Industry and Trade of Russia has developed a draft resolution of the government of the Russian Federation with changes to the procedure for the provision of tax-free services – a project to compensate foreign citizens for VAT when exporting goods outside the customs territory of the EAEU. It is proposed to extend the period of the experiment on tax-free until December 31, 2022, and to expand the geography of the project, adding a few more entities to the list of locations for the provision of tax-free services, “the message says.
According to the Minister of Industry and Trade of the Russian Federation Denis Manturov, who are cited in the material, the extension of the tax free will have a positive effect on the growth of employment in the retail trade, and in order to stimulate the purchasing activity of foreign tourists, the ministry proposes to expand the list of regions where tax free operates. including Amur, Vladimir, Irkutsk, Pskov regions and Kamchatka Territory.
A source: TASS
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.