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Vladivostok
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Hospitality asks for VAT zeroing

Hospitality asks for VAT zeroing
Photo: pixabay.com

The hoteliers have applied to the government of the country through the "Support of Russia" with a request to zero the VAT on hotel services. The budget may lose about 30 billion rubles in taxes from this, but business plans to use this measure to attract investors to scale the business and invest in infrastructure.

According to "Merchant», Now the VAT rate for hotel services is 20%. If the tax burden is reduced, this will increase investor interest in the hotel business and tourism infrastructure in general.

Opora Rossii estimates an increase in the export revenues of the tourist business to 1,67 trillion rubles by 2035. Such indicators are provided for by the tourism development strategy in Russia. At the same time, private investments in the tourism industry should amount to 5,8 trillion rubles. However, the tourism industry has not grown for the past 15 years, according to the "Support of Russia".

Previously, the authorities suggested fine hotels... Such sanctions may await placements, which have greatly inflated the cost of placement in anticipation of major events such as the Eastern Economic Forum. Penalties can go up to several sizes of additional profit received. Primorsky Krai will be among the pilot regions for this project. 

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