MIL OSI Translation. Region: Russian Federation –
From 1 January 2022, the value added tax (VAT) on the sale of freshwater live trout will be reduced from 20% to 10%. The changes necessary for this were included in the list of food products subject to VAT at a rate of 10%, and approved by a Government decree.
The list includes the following species of live trout: brook, lake and rainbow. Preferential taxes for the sale of sea trout, as well as freshwater trout fresh or chilled, have been applied since 2004.
The decision will support trout farms and help create additional conditions for their development.
The Government Decree has been prepared to implement the new norms of the Tax Code, which were adopted in June 2021 and will enter into force on January 1, 2022.
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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.