Rieker
Russia will introduce tax free system from 2012
29.12.2011 1781

Russia will introduce tax free system from 2012

Starting in 2012, Russia will have a tax free system, thanks to which foreign tourists purchasing goods in domestic stores will be able to return value added tax (VAT), reports Lenta.ru. First, the tax free system will operate in Moscow and St. Petersburg, and later in Sochi. The program will not apply to citizens of Belarus and Kazakhstan, members of the Customs Union together with Russia.

As the director of the project Tax free Russia Olga Maksimova clarified, 200 retailers will join the program within six months. She noted that tourists will be able to return VAT on the purchase of clothing, shoes, electronics, souvenirs and food.
The participating stores will be marked with a special icon. Documents for VAT refunds issued by a tourist can be dropped into the mailbox of this company after passing through customs at the airport. VAT will be transferred to a bank card or by check to the client’s address within three months. The minimum check amount for tax free will be 10 thousand rubles. Tourists will be able to reclaim VAT in the amount of 15% in the case of the purchase of ordinary goods and 8% in the purchase of children.

The tax free system operates in most developed countries. With it, you can return from 7% to 20% of the purchase amount, depending on the amount of VAT in a particular country.
 Starting in 2012, Russia will have a tax free system, thanks to which foreign tourists purchasing goods in domestic stores will be able to return the tax on added ...
5
1
Rating
Euro Shoes Exhibition

Latest News

Detsky Mir Group recorded a net loss of 1 million rubles in the 2022st quarter of 517

According to the IFRS financial statements of Detsky Mir Group for the 1st quarter of 2022, which ended on March 31, 2022, the group's net loss amounted to RUB 517 million. against a net profit of 1,3 billion rubles received in the same period last…
18.05.2022 59

Both opened a new boutique in China with a remarkable design

Paris-based footwear brand Both has opened a new store in Xi'an, Shanxi Province, China, which is interesting primarily for its non-trivial design, translating the DNA of the brand and creating an atmosphere for the best presentation…
18.05.2022 64

Modest Fashion Day in Kazan

This week, on May 19-20, within the framework of the XIII International Economic Summit "Russia - Islamic World: KazanSummit 2022", Modest Fashion Day will be held, organized by the Investment Development Agency of the Republic of Tatarstan in cooperation and…
17.05.2022 169

Polish CCC and Swedish Vagabond Shoemakers stop working in Russia

One of the largest shoe companies in Central Europe, the Polish CCC, announced on the home page of its online store that it would stop working in Russia. The announcement of the temporary suspension of the online store and retail network in Russia also…
16.05.2022 243

Portuguese startup Zèta and Nespresso launch sneakers made from coffee grounds

The collaboration between Portuguese fashion company Zèta and Nespresso coffee maker resulted in the creation of a pair of sneakers, the upper and sole of which contain recycled coffee grounds.
16.05.2022 209
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning