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Posts Tagged: “VAT“
February 27, 2019
・Key Gold Headlines
Russia Considering Gold Tax Repeal That Could Significantly Boost Demand
Russia is considering eliminating its value-added tax (VAT) on gold purchases. According to a Russian paper, this could increase gold demand in the country by 50 to 100 tons per year. Russia currently charges a 20% tax on all gold bar purchases, and investors do not get the tax back when they sell their gold.
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