- Cooperation in improving VAT administration was discussed at a meeting of the working group of BRICS countries
- The focus was on combating the shadow economy and enhancing the service component in VAT administration
- The goal is real-time VAT calculation and transparency in financial transactions to combat fraud
- Iranian colleagues shared their experience in implementing VAT in their country
- A maturity model for VAT administration was presented, with levels ranging from paper-based to real-time tax administration
- The project aims to develop guidelines for expanding capabilities and global cooperation in VAT modernization
- The three-year project will result in an ecosystem description, a summary report of best practices, and a roadmap for VAT modernization in BRICS countries.
Source: nalog.gov.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"
- Putin Approves VAT Hike to 22% in Russia Amid Rising Military Costs and Falling Revenues
- Management Contract Price Increase Due to VAT Requires Approval at General Homeowners’ Meeting
- Russia Raises VAT to 22% from 2026, Introduces New Tax Changes and Benefits
- From 2026, Bank Card Service Fees in Russia to Be Subject to VAT at 22%
- Russia’s Tax Service Publishes Draft VAT Return with New 22% Rate, Effective Next Year
