Russian President Vladimir Putin signed a law that provides for exemption from VAT on transfers of exclusive rights to inventions, utility models, industrial designs, topologies of integrated circuits, production secrets (know-how), as well as rights to use the corresponding results of intellectual activity on the basis of commercial concession agreement, TASS reports.
Sources:
Latest Posts in "Russia"
- Russian Court Rules on VAT Deductions Without Invoices in Otis Case
- Russia Proposes VAT on Foreign E-Commerce Sales to Russian Consumers
- Russia’s VAT Hike to Cut Bank Profits by $3.4 Billion in 2026
- Russian Finance Ministry Suggests VAT on Online Platform Purchases
- Russia’s VAT Hike to Fund Defense Spending Expected to Increase Inflation by 1% Next Year
