- Special VAT payment procedure for copper semi-finished products is in effect from July 1
- Changes to Article 161 of the Russian Tax Code apply
- Buyers pay VAT as tax agents for copper semi-finished products used in cable production
- Conditions for buyer to pay VAT include seller not being on the list of cable or copper producers and buyer being on the list of cable producers
- Lists approved by orders from Russian Ministry of Industry and Trade and Federal Tax Service on June 26, 2025
- Lists available on the official website of the Ministry of Industry and Trade
- If buyer is not on the list of cable producers, VAT is calculated by the seller in the usual manner
- Rules for forming producer lists approved by Russian Government resolution on May 31, 2025
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.
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