Russia hikes VAT as defence spending surpasses health, education and welfare
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Russia hikes VAT as defence spending surpasses health, education and welfare
Russia has proposed a draft federal budget for 2026, prioritising defence and security funding amidst the ongoing war in Ukraine. The budget includes a controversial increase in Value Added Tax (VAT) from 20% to 22%, although essential goods like food and medicines will remain taxed at 10%. This increase comes despite earlier government ...
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