- VAT payment procedure for electronic services within the EAEU changed significantly from March 2024
- Electronic services include hosting, domain names, electronic exchanges, auctions, search engines, advertising, and access to electronic content
- Taxation of electronic services with VAT has been in place in Russia since 2017
- Foreign companies providing electronic services in Russia are subject to special VAT rules
- Russian legal entities and individual entrepreneurs must withhold VAT on electronic services purchased from foreign suppliers since 2022
- EAEU member states harmonized legislation on VAT collection for electronic services
- Protocol signed in December 2022 established VAT collection procedure for electronic services within the EAEU
- Taxpayers from one EAEU country providing services to clients in another EAEU country must register with the tax authority in the country where the services are provided
Source: gorodissky.com
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.
