Proposal to exempt carbon unit registry operator services from VAT

• The Russian government has proposed a law that would exempt carbon unit registry operator services from value-added tax (VAT).
• The proposed exemption would apply to services related to the limitation of greenhouse gas emissions and the regulation of emissions in certain regions of Russia.
• The aim of the exemption is to reduce costs for climate project implementers and other participants in the carbon unit market.
• The exemption is expected to have a positive impact on the development of the carbon unit market, as regulated tariffs prevent the operator from increasing fees to compensate for the VAT exemption.

Source: garant.ru

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.