Russia Russian Ministry of Finance has proposed significantly lowering its import VAT and duty exemption threshold for goods imported into the country (“low value consignment relief”). 12 May 201845 views1 min read Source: IVA Expanding extraterritorial VAT regime on electronically supplied services The Federal Tax Service has clarified the application of VAT with respect to the return of payments by a foreign entity to individuals for the early cancellation of a subscription for e-services.
