- Starting from January 1, 2024, the calculation method for the average monthly payment size when applying VAT exemption in the catering industry has been clarified.
- Previously, the calculation was based on the total number of individuals receiving payments (list size) and compared to the average monthly salary published by Rosstat.
- Now, the calculation will use the average number of employees instead of the list size.
- This change in calculation methodology will allow more entrepreneurs in the catering industry to apply for VAT exemption.
Source: nalog.gov.ru
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.
Latest Posts in "Russia"
- 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
- Russia’s SPOT System Boosts VAT Revenue Growth in Federal Budget for Second Year
- Russian Finance Ministry Proposes VAT on Foreign Marketplace Purchases Starting 2027
- Russian Finance Ministry Proposes VAT on Foreign Goods from Marketplaces, Gradual Rate Increase Planned
