Russia l Standard VAT Rate Hike to 20% in 2019

By |November 15th, 2018|

As of 1st January 2019, the Russian standard rate of VAT will increase to 20% from 18%. The current VAT-inclusive standard rate of 15.25%, applicable to supplies of business-to-business (B2B) and business-to-consumer (B2C) electronically supplied services, will increase to 16.67%. The new rates come into effect from 1st January 2019, [...]

Russia | Launch of Tax-Free Shopping for FIFA World Cup Tourists

By |May 14th, 2018|

On 10th April 2018, Russia launched its pilot tourist VAT refund scheme in certain host cities to the 2018 FIFA World Cup. The scheme enables tourists who are resident outside the Eurasian Economic Union (EEU), subject to certain conditions and requirements, to reclaim the VAT on their purchases on leaving [...]

Russia | Change to VAT Rules for Non-resident Suppliers of B2B Digital Services

By |April 24th, 2018|

From 1st January 2019, foreign suppliers of business-to-business (B2B) electronically supplied services will be required to register with the Federal Tax Service in Russia and account for any VAT owed on those supplies. The current method whereby the Russian business customer collects and remits the VAT at the standard 18% [...]

VAT on digital services in Russia starting from 1 January 2017

By |July 11th, 2016|

Russia will be the next country to impose VAT on B2C supply of electronic services rendered by non-established service providers. Foreign companies providing digital services to Russian individuals will be required to register for VAT purposes in Russia and charge local VAT. Supplies of such services will be subject to [...]

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