- The Russian Official Gazette released Resolution No. 1816/2024 on December 19
- The resolution approves products for a 10 percent VAT rate based on two classifications 1. All-Russian Classifier of Products by Types of Economic Activity 2. Unified Commodity Nomenclature of Foreign Economic Activity of the Eurasian Economic Union
- These classifications apply when products are imported into Russian territories
- The resolution becomes effective on January 1, 2025
- It officially comes into force on January 19, 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.
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