- Russian Ministry of Finance issued Guidance Letter on VAT rules for foreign goods sales
- VAT tax base determined at time of shipment or transfer of goods
- Cost of goods in foreign currency converted to rubles using Bank of Russia exchange rate
- If contract specifies fixed exchange rate, Paragraph 4 of Article 153 does not apply
- Aim is to ensure consistent VAT application in transactions where rubles value is not predefined at shipment
Source: regfollower.com
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.
