VAT rate increase

From January 1, 2019, the VAT rate has changed in Russia. As of now the rate is 20%. However, the changes did not affect all product groups. Exemption from VAT, as well as a reduced tax rate of 10%, applicable to certain groups of goods and services, will not be amended. Thus, pharmaceutical substances and medical devices will keep their preferences. The information on current tax rates is presented in Art. 164 of the Tax Code of the Russian Federation.