- Manufacturers of heavy machinery products will receive VAT preferences
- Special conditions for VAT payment for products with a production cycle of over six months
- List of eligible products approved by the Russian government
- Additional seven positions to be added to the list in October 2024
- Taxpayers must keep separate records for products eligible for VAT preferences
- Required to submit contract with buyer and other documents confirming the long production cycle
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.
Latest Posts in "Russia"
- Russia Proposes 2026 Tax Relief and Flexible Rules to Support SME Transition
- Russian Finance Ministry Explains New VAT Rate Impact on Lease Accounting Under IFRS
- Catering Businesses to Be Exempt from VAT Starting April 1 Under New Tax Law Amendments
- Are Educational Services Provided by Medical Institutions Subject to VAT?
- New VAT Return Form and Rates for Q1 2026: Updated Requirements and Control Ratios
