More expensive, not only technique.

July 24, the state Duma finally adopted the law on increase of the value added tax (VAT). The increase of VAT from 18% to 20% will occur from 1 January 2019. Due to the increase in VAT in Russia will rise the price of many goods, including iPhone and other equipment.

According to the official forecast of the Ministry, the VAT increase will reduce the growth of real wages of Russians with 6.3 to 1% in 2019. In addition, the overall economic growth of Russia will fall from 1.9 to 1.4%. The Ministry of economic development emphasize that the decline will be temporary. It is expected that Russia’s economy will grow by 2020.

How VAT will affect the price of the iPhone?

The increase in VAT by 2% could cause increase the price of iPhone and other equipment into the same 2%. Although some experts fear that rising prices due to the VAT increase could reach 5%.

Thus, under the best scenario we can expect an increase of the price of iPhone and other equipment 2%. For example, now iPhone X in the base set is sold at the official price 79 990 rubles. In 2019 with the increased rate of VAT, its price will be 81 345 rubles.

For the VAT increase to 20% of the votes, the party “United Russia”, which has a majority in the state Duma, according to “Vedomosti”. All other parties opposed the increase in VAT, but their voices remained in the minority.

Source: Statements.


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