- The Russian Finance Ministry proposes introducing VAT on foreign goods from marketplaces. The tax will be phased in from 2027 to 2030, starting at 5 percent and reaching 20 percent. Foreign sellers and Russian marketplaces will pay the tax, with currency conversion based on the Central Bank’s average rate. Declarations must be submitted electronically by the 25th of the month following the tax period. A separate proposal suggests raising the standard VAT rate from 20 to 22 percent, with a 10 percent rate for essential goods.
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"
- Russia is set to increase its standard VAT rate from 20% to 22% starting in 2026
- Russia Faces Economic Uncertainty Amid VAT Hike Plans and Escalating US Sanctions
- Russian IT Industry Retains VAT Exemption, Easing Tax Pressure on Software Developers
- Russian Government Delays Removal of VAT Break for Domestic Software Developers
- Russian Small Businesses Warn Tax Hikes May Force Closures, Push Firms Into Shadow Economy













