- 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.
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