“The government has approved amendments to the Tax Code, said Deputy Finance Minister Alexei Moiseev
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According to media reports quoted by Rough & Polished, Russia’s Deputy Finance Minister Alexei Moiseev said during the Cheboksary Economic Forum that the government of the Russian Federation “approved the introduction of a zero VAT rate on rough and polished diamonds.”
“The government has approved amendments to the Tax Code, which provide for the introduction of a zero VAT rate on rough and polished diamonds,” he said on the sidelines of the Cheboksary Economic Forum.
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This decision, he reportedly added, “will facilitate growth in demand for investment diamonds within Russia.”Credit: Alrosa
Source: DCLA
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