- Russian government approved rules for forming lists of cable and copper semi-finished product manufacturers for VAT payment purposes
- By the end of June 2025, the Federal Tax Service will receive information from the Ministry of Industry and Trade and Rosaccreditation about manufacturers and verify compliance with requirements
- Lists will be published on the Ministry of Industry and Trade’s official website by July 1, 2025
- Changes to the Tax Code regarding VAT payment for copper semi-finished products take effect on July 1
- VAT is paid by the buyer as a tax agent if they are on the list of cable product manufacturers and the seller is not on any list
- Otherwise, the seller calculates and pays VAT under the general procedure
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"
- Russia’s VAT Hike to Fund Defense Spending Expected to Increase Inflation by 1% Next Year
- Russia’s SPOT System Boosts VAT Revenue Growth in Federal Budget for Second Year
- Russian Finance Ministry Proposes VAT on Foreign Marketplace Purchases Starting 2027
- Russian Finance Ministry Proposes VAT on Foreign Goods from Marketplaces, Gradual Rate Increase Planned
- New Control Ratios Added to VAT Declaration for Enhanced Taxpayer Self-Monitoring and Compliance
