Rieker
Russia will introduce tax free system from 2012
29.12.2011 1609

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

OR GROUP sees significant growth in socks sales on the Westfalika platform

Like-for-like sales of socks increased by 1% in the 2021st quarter of 24 on the Westfalika trading platform, which is operated by OR GROUP, the group said in a press release. During the specified period, 90 thousand were sold ...
19.05.2021 53

adidas and Parley host fourth World Run For The Oceans

Adidas continues to move towards sustainable manufacturing. Since 2015, adidas has produced over 30 million pairs of sneakers from Parley Ocean Plastic - recycled plastic waste collected in coastal areas and does not want to ...
19.05.2021 56

New Balance celebrates Gray Day again with limited edition

On May 15, 2021, the American sports brand New Balance released a new collection of sneakers in gray. The limited edition collection is based on the most famous sneaker from the brand 574. The collection includes ...
18.05.2021 66

MICAM will take place in its usual format in September

After the Italian government announced the easing of quarantine restrictions and gave the go-ahead to hold exhibitions in the traditional format, the organizers of the leading European international shoe exhibition MICAM decided on the dates of the ...
18.05.2021 155

Crocs wore tropical print clogs and unveiled new sandals

The American brand of clogs Crocs has charged this summer with a positive, presenting in the spring-summer'21 collection a bright and cheerful selection of classic "Crocs" in tropical colors, and also reminded that in addition to clogs, its assortment includes various ...
18.05.2021 147
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning