VATupdate

Share this post on

Russian Government to Adjust Purchase and Sales Books for VAT Changes by September 20, 2024

  • The Russian government will adjust the purchase and sales books for VAT
  • Changes are related to the introduction of VAT for simplified tax payers from 2025
  • Tax rates of 5% and 7% will apply to those with annual income exceeding 60 million rubles
  • New columns will be added to sales books for VAT calculations
  • Special rules for VAT calculation and payment for goods sold on EAEU marketplaces by Russian organizations and individual entrepreneurs
  • Tax agents must keep purchase and sales books according to Russian tax laws

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.

Sponsors:

VAT news
VAT news

Advertisements: