- Russia will expand VAT exemptions for certain precious metal banking transactions starting January 2026.
- The new law exempts interest paid in precious metal bullion on deposits from VAT.
- The exemption also covers banks placing precious metals without taking deposits.
- These changes align VAT rules for precious metal deposits with those for currency deposits.
- The measures are established by Federal Law No. 417-FZ, published on 17 November 2025.
Source: regfollower.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"
- 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
- Russia Raises VAT to 22% from 2026, Introduces New Tax Changes and Benefits
- Management Contract Price Increase Due to VAT Requires Approval at General Homeowners’ Meeting
- From 2026, Bank Card Service Fees in Russia to Be Subject to VAT at 22%
