- Ministry of Finance has changed its stance on VAT treatment of resort services
- Previously, these services were considered as exempt from VAT
- Now, they will be subject to VAT at the standard rate of 5%
- This change will affect businesses in the resort industry
- The decision was made to align with international best practices and ensure fairness in taxation.
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"
- 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
