The Russian government has approved a bill to reduce the value-added tax (VAT) from 18% to 10% for airlines operating domestic flights. The bill, which will change the country’s tax code, will be sent to the State Duma in the near future. The measure will be effective through Jan. 1, 2017.   Prime Minister Dmitry Medvedev said the initiative is necessary to improve the financial situations of Russian carriers. Last year, several Russian airlines faced significant difficulties due ...

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