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VAT: Russia Proposes 15% VAT cut in July 2020

VAT: Russia Proposes 15% VAT cut in July 2020

A proposal has been sent to the Russian parliament to reduce the standard VAT rate from 20% to 15% on 1 July 2020. Furthermore, the reduced VAT rate will also be decreased by 16.67% to 13.04%. The VAT charge estimates that by reducing the VAT rate by 5% it will...
E-commerce: Obuv Rossi launches online marketplace

E-commerce: Obuv Rossi launches online marketplace

Russian footwear brand Obuv Rossi has revealed its plans to develop an online marketplace. The platform will be accessible from its parent brand’s website; Westfalika.ru The new marketplace is designed to sell products that aren’t available in physical Obuv Rossi...
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