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Russian Tax Code Amended to Impose 10% VAT on Breeding Product Sales and Allow VAT Deductions

  • Law No. 362-FZ was published in The Russian Official Gazette on Oct. 29
  • The law amends part two of the tax code to provide various tax measures
  • One measure includes imposing a 10 percent VAT on breeding product sales
  • Another measure allows VAT deductions on goods and services acquired before Jan. 1, 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.

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