Ministry of Finance, Ministry of Transport and the Ministry of Economic Development of the Russian Federation agreed to supply zero rate of VAT on domestic air travel

14 August 2012, Tuesday

Ministry of Finance, Ministry of Transport and the Ministry of Economic Development of the Russian Federation agreed to supply the establishment of zero rate of VAT in the performance of domestic air travel. Question of its reduction has been discussed for years. In particular, the Ministry of Economic Development proposed to abolish VAT on domestic air travel in April 2011, noting that it will reduce the cost of air travel and increase passenger numbers.

 

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