Putin - for reducing VAT on gold
Russian President Vladimir Putin considers it necessary to reduce VAT on gold bullion. “Reducing tax rates, first of all, VAT for citizens of Russia acquiring precious metals and investing money in it, deserves attention,” said Putin, agreeing with the president of Polyus Evgeny Ivanov. According to Ivanov, gold can become an alternative to the dollar and the euro as a way to invest in Russian citizens. However, this is hindered by VAT of about 20%.