- The Russian President’s Office posted Law No. 100-FZ online on May 29, amending the Tax Code.
- The law includes the following measures: 1. Providing information regarding the registration and deregistration of foreign entities. 2. Clarifying which provisions do not apply to goods of the Eurasian Economic Union sold to individuals through electronic trading platforms. 3. Establishing the tax calculation procedure for foreign sellers, foreign intermediaries, and national intermediaries, with a 16.67 percent tax rate or a 9.09 percent tax rate under specified circumstances. 4. Explaining that during a VAT return audit, the Tax Authority can request specific information from specified nonresidents. 5. Establishing tax payment due dates for specified foreign sellers and foreign entities.
- The law will enter into force on July 1.
Source: news.bloombergtax.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.
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