Pensioners and low-income people can get VAT refund for food in Russia

Pensioners and low-income individuals can get VAT refund for meals in Russia
FBA Economics At the moment-Stepan Yatsko

The Russian authorities beforehand took steps to stabilize meals costs after the subject was raised by Russian President Vladimir Putin. Nevertheless, for sure classes of residents, a lot of the earnings goes exactly to pay for meals, for instance, pensioners and Russians who dwell on funds that don’t exceed the subsistence stage.

Director of the Institute for Social Analysis and Improvement of Civil Initiatives Maxim Petunin proposed to assist these classes of the inhabitants by exempting them from paying VAT on meals. This may be executed routinely when paying by bank card. The writer of the initiative proposes to set a month-to-month restrict on such a return, RT reviews.

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