- VAT guidance issued by Russian Federal Tax Service for taxpayers under simplified tax system
- Businesses and individual entrepreneurs must pay VAT if 2024 income exceeds 60 million Russian rubles
- Taxpayers with income below threshold are automatically exempt
- VAT payers become effective the month following income exceeding 60 million rubles
- Taxpayers can choose between different VAT rates, including special rates for certain income ranges
- Guidance also covers VAT payment and input deductions on purchases shipped in 2025
Source: news.bloombergtax.com
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"
- VAT Inclusion in Subsidy Calculations to Be Clarified in Agreements
- Rules for Calculating VAT After Contract Conclusion to Be Clarified by New Legislation
- Russia Launches Three-Month Interest-Free VAT Deferral Scheme for Importers
- Updated Forms for VAT Declaration Clarification Requests Effective from Q1 2026 in Russia
- Russia Approves Tax Code Amendments for Digital Currency and Digital Rights Regulation
