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The Nexus
BUSINESSJun 24 · 11:40 UTCMOSCOW TIMES

State Duma Passes Bill Delaying VAT Tax Hikes for Small Businesses

The State Duma passed a bill delaying VAT tax hikes for small businesses under Russia’s simplified tax system. Small businesses will only pay the national value-added tax if their revenue exceeds $260,000.

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