The amended list of VAT exempt services includes: 1) exclusive rights to inventions; 2) utility models; 3) industrial designs; 4) topologies of integrated circuits; and 5) production secrets (know-how), as well as the rights to use these results of intellectual activity. The amendments enter into force July 1.
Sources:
Latest Posts in "Russia"
- VAT Refund Court Practice Development Without Sales Realization 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