- A single electricity purchaser in new regions will be exempt from VAT.
- The exemption is based on a regulation approved by the Russian Government.
- The regulation allows the company to buy and sell electricity in new Russian territories.
- The State Duma passed a law exempting VAT on compensation received by the purchaser.
- The exemption applies from January 1, 2024, to January 1, 2028.
Source: garant.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"
- 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
- Russia Approves 2026 Budget: VAT Rate Increase and Simplified Tax System Changes Announced
