5 Major Developments in Russia

5 Major Developments in Russia

• United States increases tariffs on aluminum from Russia
• Decree Amending List of VAT-Exempt Technological Equipment Imported Into Russia
• Russia Temporarily Exempting Tour Operators From VAT
• Plan: Deduction for incoming VAT on the basis of cash receipts
• Sales of domestic tours will be exempt from VAT

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Customs

• Turkish customs blocking certain goods to Russia

• United States increases tariffs on aluminum from Russia

• U.S. implementation of additional sanctions against Russia and Belarus

Deduction (Input Tax Credit)

• Plan: Deduction for incoming VAT on the basis of cash receipts

• How to calculate the number of employees for the application of VAT benefits

• VAT accounting for purchased goods during the transition from special regimes to the general taxation system

• Do I need to recover VAT on materials used when switching to the simplified tax system

• Russia Tax Agency Clarifies VAT Deduction for Goods Purchased Under Simplified Taxation System

• Tax Agency Clarifies VAT Deduction for Goods Purchased Under Simplified Taxation System

• Absence of a bill of lading does not affect the right to a “commodity” VAT deduction

E-Commerce / Electronic Services

• EAEU Member States Approve New Procedures for VAT on Digital Services

Excise

• Temporary forms of decisions on the reimbursement of VAT and excises

Exemption

• Decree Amending List of VAT-Exempt Technological Equipment Imported Into Russia

• Russia Temporarily Exempting Tour Operators From VAT

• Sales of domestic tours will be exempt from VAT

• Service risks and on the management of financing in the development of hydrocarbon fields

• Zero VAT is not a silver bullet

• Russians in 2022 bought a record gold

• Loss of the right to exemption from VAT by an entrepreneur applying the Unified Agricultural Tax

• Proposed to exempt domestic and inbound tours from VAT

• From April 1, 2023, the list of medical goods exempt from VAT will change

• New operation codes recommended for VAT return

Export

• U.S. implementation of additional sanctions against Russia and Belarus

Free Trade Agreement

• Russia-Belarus Agreement on General Principles of Indirect Taxation Enters Into Force

• Russia Clarifies VAT on Cross-Border Patent and Trademark Service Supplies

• Belarus Gazettes Law Ratifying Agreement on General Principles of Indirect Taxation With Russia

Importation

• Decree Amending List of VAT-Exempt Technological Equipment Imported Into Russia

Invoice

• Plan: Deduction for incoming VAT on the basis of cash receipts – VATupdate

Private Use

• How to calculate the number of employees for the application of VAT benefits

Rate

• Application of zero VAT rate in relation to the supply of components to the manufacturer of space products

• Zero VAT is not a silver bullet

• How can hotels confirm the right to the 0% VAT rate

• Proposed to introduce zero VAT for ship repair enterprises

• Russians in 2022 bought a record gold

• It is planned to expand the list of goods subject to VAT at a reduced rate

• Russia cuts tourism VAT to zero from 20% – update

• VAT rate of 0% does not apply to shift hostels

• Belarus – Russian VAT Deal In Doubt

• Preferential VAT rate during the transition period in the new constituent entities of the Russian Federation

Refund

• Temporary forms of decisions on the reimbursement of VAT and excises – VATupdate

• Russia Expands Pilot VAT Refund Regime to Four Additional Regions

Reporting / Compliance

• New operation codes recommended for VAT return

• Federal Tax Service has developed new codes for the VAT declaration

Tax Authorities / Penalties

• Russia Tax Agency Clarifies VAT Deduction for Goods Purchased Under Simplified Taxation System

Tax Point (When the Chargeable Event Occurs)

• Russia Clarifies VAT Treatment of Advance Payment Received for Consulting Services

War in Ukraine

• Turkish customs blocking certain goods to Russia

• UK announces new package of sanctions against Russia and designates additional individuals/companies

• EU agrees 10th package of sanctions against Russia

• U.S. implementation of additional sanctions against Russia and Belarus

• Statement by President von der Leyen on the 10th package of sanctions against Russia

• Russians in 2022 bought a record gold

• Polish press reports on the possible 10th package of EU sanctions against Russia