Russia has drafted a new VAT law that will require foreign e-commerce sellers to register and collect tax on direct sales to Russian consumers. This requirement specifically targets transactions below the customs duty exempt thresholds set by the Eurasian Economic Union. The VAT rate will begin at 5% in 2027 and is scheduled to rise progressively to 20% by 2030. Sellers will need to calculate the tax monthly based on received payments and remit it to the Russian government by the 28th day of the following month, with public feedback on the proposal currently being accepted.
Source: answerconnect.cch.com
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 Court Rules on VAT Deductions Without Invoices in Otis Case
- Russia’s VAT Hike to Cut Bank Profits by $3.4 Billion in 2026
- Russian Finance Ministry Suggests VAT on Online Platform Purchases
- Russia’s VAT Hike to Fund Defense Spending Expected to Increase Inflation by 1% Next Year
- Russia’s SPOT System Boosts VAT Revenue Growth in Federal Budget for Second Year
