OREANDA-NEWS. On August 04, 2008 Russia's MinFin has rolled back the deadline for submitting to the government a 15-year financial plan and proposals on the VAT rate, the ministry's press service said.

"The Finance Ministry will submit to the Russian government a draft Budget Strategy up to 2023 and Tax Policy Guidelines for 2009 and scheduled period until 2010-2011 on August 8. They will contain MinFin's proposals for the VAT rate", spokesperson of MinFin's press service said.

According to him, the deadline was rescheduled since these documents, which determine the basic approaches to forming budget and tax policy for the long term, are new.