Rieker
Russia will introduce tax free system from 2012
29.12.2011 2128

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

Latest News

Roses and fur - trends in shoe design

In the shoe collections of fashion brands for the autumn-winter 2023 season, several bright trends can be noted, including the use of fur and…
31.03.2023 72

Shoe sales in Russia decreased by 10,5%

According to the results of 2022, shoe sales decreased by more than 10%, TASS reports with reference to the analysis of the operator of the mandatory labeling system in Russia, the Center for the Development of Advanced Technologies and the National Scientific Competence Center ...
31.03.2023 77

Lamoda personalized the catalog using artificial intelligence

Lamoda, an online platform for the sale of fashion, beauty and lifestyle products, has simplified and accelerated the process of searching for products in its catalog. With the help of artificial intelligence, the service has learned to predict which products will be of interest to a particular…
30.03.2023 82

Santoni unveils new 'Sneak-Air' sneaker

The new model of the Italian luxury shoe brand Santoni has been named "Sneak-Air", and is distinguished by the original coloring. The upper of the shoe does not have a uniform color, it is decorated with many graphic shades. This visual effect is achieved in…
30.03.2023 165

Footwear production grows in Moscow

Over the year, the volume of footwear production in Moscow increased by 1,5 times. In January 2023, shoe factories produced 148,8 thousand pairs of shoes, an annual growth of 48,3%, according to the website of the Moscow Mayor. More than 200…
29.03.2023 174
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning