You searched for "taxes" (3 results found)

Cattle herd reduction in Altai will lead to an increase in beef prices

  • 19 Jul 09:26

The Russians were warned that in the very near future, meat prices will rise by at least 10%. This was explained by the fact that the supplements that are used to feed animals become more expensive. Meanwhile, beef prices in the Altai Territory have already risen by 5% and this is not the limit. According to the Office of the Federal Antimonopoly Service for the Altai Territory, in the period from February to May 2019, beef prices in the region increased by 5%. The ministry noted that, on the contrary, pork prices dropped by 5%, while poultry prices did not fluctuate this year. According to experts, one of the reasons for the rise in beef price is the fact that the number. Read more...

Meat price may go up by 10% due to the additional charge of VAT on animal feed

  • 4 Jul 08:56

Meat will be more expensive if importers of feed additives have added VAT for the last three years. The Ministry of Finance and the Ministry of Agriculture differently interpret the legislation on the list of goods taxed at a preferential rate. The cost of beef, pork, and poultry meat in Russia may grow by at least 10% in the case of additional charges to importers of feed additives. The problem with the amount of VAT on imported feed additives appeared due to different interpretations of the government’s decree on the list of goods which are subject to a reduced VAT ate, the press service of the Ministry of Agriculture told. Later, the government adopted. Read more...

The list of food products subject to VAT at a rate of 10% in 2019

  • 10 Jan 09:34

Last summer the President of the Russian Federation signed a law raising the basic VAT rate from 18% to 20%.At the same time the existing VAT benefits in the form of exemption from this tax, as well as a reduced VAT rate of 10%, are applied to social goods (services), some food products. Despite the fact that social food products are sold at a preferential VAT rate, there are a lot of non-tax factors that can increase consumer prices for food. 10% VAT rate is applied according to the current documents when selling the following food products: Livestock and poultry; meat and meat products (with the exception of delicacies: cuttings, veal, tongues, sausages - raw. Read more...