- The Russian Ministry of Finance has proposed introducing VAT on foreign goods purchased through online marketplaces starting in 2027.
- The tax will be gradually phased in, starting at 5% in 2027, increasing to 10% in 2028, 15% in 2029, and reaching the full 20% rate by 2030.
- This VAT will apply to goods crossing the customs border of the Eurasian Economic Union (EAEU).
- Both foreign sellers and Russian marketplaces will be responsible for paying 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.
- This proposal is part of broader measures to increase VAT revenue and improve tax compliance for e-commerce transactions involving foreign and domestic marketplaces.
Sources
Join the Linkedin Group on VAT/GST and E-Commerce HERE
Latest Posts in "Russia"
- Russia Grants VAT Exemption for Precious Metal Banking Transactions Starting January 2026
- Russia to Implement 2026 VAT Rules and Delivery Confirmation for Marketplace Sales
- Putin Approves VAT Hike to 22% in Russia Amid Rising Military Costs and Falling Revenues
- Management Contract Price Increase Due to VAT Requires Approval at General Homeowners’ Meeting
- Russia Raises VAT to 22% from 2026, Introduces New Tax Changes and Benefits
