Maintaining preferential VAT on socially important products: An expert shares details

Food products that will retain the preferential rate will include MEAT , MILK , eggs , and a number of other essential products. Memruk also noted that medical services provided by licensed organizations will be exempt from VAT, as will educational services provided by non-profit organizations.

This tax , introduced in RUSSIA in 1992, makes up a significant portion of federal budget revenue and has been subject to numerous changes over the years.