Russia’s VAT Exemption for Services by Individual Housing Contractors

• 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.

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