Date: 6 months ago   Category: Finance

The Central Bank has estimated a contribution of increase in the VAT to inflation — Rambler News Service


Photo: globallookpress.com/Anton Belitsky the Range of a contribution of increase in the VAT from 18% to 20% in inflation taking into account all set of factors is rather wide and makes from 0,6 to more than 1,5 percentage points, it is told in the report of the Central Bank "About assessment of influence of increase in the main rate of the VAT for inflation". "By estimates of the Bank of Russia, the VAT contribution range to inflation taking into account all set of factors is rather wide and is from 0,6 to more than 1,5 percentage points" — it is said in the document. The Central Bank has reminded that, "according to assessment put in the June macroeconomic forecast of the Bank of Russia, increase in the VAT will exert the main impact on inflation directly after change of a rate – in the first months 2019 – and its scale will be about 1 item п". The Bank of Russia notes that "increase in the main rate of the VAT will affect not everything but only two thirds of goods and services of a consumer basket on which inflation pays off other categories are assessed at the preferential rate (10%) or are exempted from the VAT. Earlier the President of Russia Vladimir Putin has signed the law which assumes increase in a rate of the VAT from 18% to 20%, the law comes into force since January 1, 2019.

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