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Putin Proposes VAT Exemption for Charity Donations

  • Putin instructed to consider VAT exemption for food and goods transferred to charities.
  • The government should consider increasing the limit of expenses for corporate income tax from 1% to 3% for donations to charities.
  • The government should consider accounting for expenses related to services provided to charities as part of the non-profit tax base for corporate income tax.

Source: tass.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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