Ministry of Finance of the Russian Federation spoke in favor of a reduction of insurance premium and the increase in VAT to 22 percent

13 March 2017, Monday

The minister also noted that an increase in VAT could trigger a one-time increase in inflation to 2 percent.

According to Siluanov, the tax burden will be at the level of 31.6 percent of GDP in the Russian Federation in 2019.

The Ministry of Finance is currently considering the possibility of the benefits for personal income tax for citizens who are invested in individual pension capital.

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