- From January 1, 2026, Russian organizations mining precious metals must pay VAT under new rules.
- The previous VAT exemption for sales of ores and concentrates containing precious metals will be replaced by a 0% VAT rate, but only for sales to authorized refining organizations.
- To apply the 0% VAT rate, taxpayers must submit contracts and documents confirming the transfer of goods to authorized refiners.
- These changes are established by Federal Law No. 425-FZ and amendments to Articles 149, 164, and 165 of the Russian Tax Code.
Source: akm.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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