UPDATE: Shuvalov says no decision VAT, payroll tax after 2018

MOSCOW, Feb 15 (PRIME) -- The Russian government is discussing different options of changing value-added tax (VAT) and the payroll after 2018, First Deputy Prime Minister Igor Shuvalov told reporters on Wednesday.

Earlier on Wednesday, Vedomosti business daily reported citing two government officials that the Economic Development and Finance Ministries agreed that the government has to cut taxes on labor and compensate them with indirect taxes to spur the economy. The main option was to cut the payroll tax to 21% from 30% and raise VAT to 21% from 18%, but other figures were not ruled out.

“We are now discussing a combined tax construction, including (payroll) payments, and the structure should be submitted like a new suggestion for the mid-term if it is approved. But the suggestion will not emerge before next year,” Shuvalov said.

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