VAT

Erdogan cuts VAT on food to fight inflation

Turkish President Recep Tayyip Erdogan announced a reduction in VAT on basic food products from 8% to 1% to fight inflation and support the population of the republic. He noted that the panic caused by exchange rate fluctuations in the …

Erdogan cuts VAT on food to fight inflation

What does 2019 bring for Russia?

The year 2019 marks changes in various areas of the country's life. Among other things, a slew of amendments to Russia’s Tax Code concerning both individuals and legal entities come into force starting from January 1, 2019.  …

What does 2019 bring for Russia?

Russia's government raises retirement age and VAT

Russian Prime Minister Dmitry Medvedev said the retirement age and value-added tax (VAT) will be raised in Russia.  The PM said that the Russian government proposed to raise the retirement age to 65 for men …

Russia's government raises retirement age and VAT

Azerbaijani pharmacies may be exempt from VAT

At present the Azerbaijani authorities are considering the possibility of exempting pharmacies from paying VAT, the Deputy Prime Minister of the Republic, Ali Ahmadov, said. He noted that in some countries …

Azerbaijani pharmacies may be exempt from VAT
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