Russia’s State Duma approved a bill that would allow taxpayers to recover input VAT on goods, works and services used in providing services outside Russia (exported services). An exception is made for services supplied outside Russia that fall within the category of VAT-exempt transactions. The bill still has to pass through two further stages before it becomes law: approval by the Federation Council (Parliament’s other chamber) and signature by the President.
Source: EY
Latest Posts in "Russia"
- Russia Considers VAT Increase to Cover Budget Shortfall
- Rising Deficit Prompts Russia to Consider 2% VAT Increase
- Russia Considers Raising VAT to 22% Amid War Spending and Budget Deficit Concerns
- Lawmakers Propose Reducing VAT on Essential Goods to Lower Consumer Costs
- Parliament Suggests Lowering VAT on Essential Goods to Ease Consumer Burden
