Government clarifies list of children’s goods subject to 10% VAT rate

• The government has clarified the list of children’s goods subject to a 10% VAT rate
• The list includes children’s furniture and socially significant goods for children
• The government has amended the resolution to prevent abuse of the reduced VAT rate
• Additional items such as children’s chairs, high chairs, bicycles, and baby care products have been included in the list
• The resolution will come into effect on April 1, 2024
• Uncertainty remains regarding the taxation of new children’s goods in the first quarter of 2024
• Waiting for clarification from the Ministry of Finance and the Federal Tax Service.

Source: garant.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.

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