- Russia has exempted services provided by individual housing contractors from VAT
- This exemption applies to services related to the construction, reconstruction, and renovation of residential buildings
- The goal of this exemption is to support the development of the housing construction industry
- Individual housing contractors will no longer have to pay VAT on their services
- This change is expected to benefit both contractors and consumers in the housing market.
Source: research.ibfd.org
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"
- Development of Judicial Practice on VAT Deductions for Duty-Free Imported Goods in Russia
- New Tax-Exempt Equipment List for Importation Effective August 16, 2025
- Bahrain and Russia Sign Customs Mutual Assistance Agreement
- Russia Implements Zero VAT Rate for Lightweight Drones
- US imposes additional tariffs on India for buying oil from Russia
