- Law No. 362-FZ was published in The Russian Official Gazette on Oct. 29
- The law amends part two of the tax code to provide various tax measures
- One measure includes imposing a 10 percent VAT on breeding product sales
- Another measure allows VAT deductions on goods and services acquired before Jan. 1, 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"
- Russian Government Plans to Revoke VAT Exemptions for Bank Card Transactions
- Russian Finance Ministry Proposes Tax Exemptions for Precious Metal Raw Materials in New Draft Law
- Russian IT Sector May Lose VAT Exemption for Registered Domestic Software by 2026
- Russia Extends Sunflower Seed Export Duties to 2028, Maintaining 50% Rate and Floating Oil Duty
- Russia’s 22% VAT Hike: Prioritizing Military Spending Over Economic Growth