- VAT guidance issued by Russian Federal Tax Service for taxpayers under simplified tax system
- Businesses and individual entrepreneurs must pay VAT if 2024 income exceeds 60 million Russian rubles
- Taxpayers with income below threshold are automatically exempt
- VAT payers become effective the month following income exceeding 60 million rubles
- Taxpayers can choose between different VAT rates, including special rates for certain income ranges
- Guidance also covers VAT payment and input deductions on purchases shipped in 2025
Source: news.bloombergtax.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.
