Everybody has zero VAT — HotelStar offers better conditions!

The President of Russia signed the law on anti-crisis tax measures to support the Russian economy, which, in particular, contains the introduction of zero VAT rate for hotel services and other accommodation facilities. Such assistance to the industry was offered by the Federal Tourism Agency, rightly sloping that it would bring more investment attractiveness for development of both the hotel base and domestic tourism in general.

Vipservice considers this measure as very timely and really provides good opportunities for development. It will also affect fruitfully the holding's business: thanks to this program, the company will be able to offer much more attractive conditions for all the hotel content on its HotelStar aggregator.

The zero VAT rate will be valid for 5 years and will apply both to the existing facilities, and to the new and the renovated ones. Exactly this period for the grace period is estimated by experts as capable of bringing the hotel business to the operational break-even.