Russia’s Finance Ministry Might Lift VAT on Gold
25 February 2019 (09:09)
UrBC, Moscow, February 25, 2019. Russian Prime Minister Dmitri Medvedev asked the Finance Ministry to look into the issue of whether lifting value-added tax on gold purchased by private customers would be expedient.
The Finance Ministry is expected to present its considerations on the expediency of lifting VAT on gold purchased by private customers (provided there are no requirements to store the said gold in certified safety vaults), the Russian Government’s press service refers to Dmitri Medvedev as saying at his recent meeting with the Federation Council members.
The Ministry must produce its report by April 1, 2019.
The Finance Ministry is expected to present its considerations on the expediency of lifting VAT on gold purchased by private customers (provided there are no requirements to store the said gold in certified safety vaults), the Russian Government’s press service refers to Dmitri Medvedev as saying at his recent meeting with the Federation Council members.
The Ministry must produce its report by April 1, 2019.
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