During the fourth annual meeting of the Russian
Scrap-processing Industry Coordination Union, which was held in Moscow on October 26, the major Russian steel producers supported the initiative of the union to introduce changes to the Russian tax code, in particular as regards zero VAT on
scrap sales.
As was previously reported by SteelOrbis, earlier this year the Russian government had exempted
scrap collectors from VAT payment. However, the measure was not compulsory. The
scrap collectors were able to choose whether or not to pay VAT on
scrap.
The notion introduced by the union is intended to add a compulsory character to the law enforced by the government.