Russia’s State Duma approved a bill that would allow taxpayers to recover input VAT on goods, works and services used in providing services outside Russia (exported services). An exception is made for services supplied outside Russia that fall within the category of VAT-exempt transactions. The bill still has to pass through two further stages before it becomes law: approval by the Federation Council (Parliament’s other chamber) and signature by the President.
Source: EY
Latest Posts in "Russia"
- Russia to Impose Gradual VAT on Foreign Online Marketplace Goods Starting 2027
- VAT Codes for 10% Rate on Food Products Updated Effective July 2026 in Russia
- Russia Proposes 2026 Tax Relief and Flexible Rules to Support SME Transition
- Russian Finance Ministry Explains New VAT Rate Impact on Lease Accounting Under IFRS
- Catering Businesses to Be Exempt from VAT Starting April 1 Under New Tax Law Amendments
