Russia may cut VAT exemption for imported industrial equipment with domestic analogues

• Russia’s Industry and Trade Ministry wants to cut the list of imported technological equipment exempt from VAT.
• The exemption currently applies only when no Russian-made analogues exist.
• Several equipment categories may be removed because domestic equivalents have been added to the Russian Industrial Products Register.
• Affected items include distillation apparatus, gas/liquid liquefaction machines, filtration and purification equipment, packaging/labeling machines, belt conveyors, and extrusion machines for artificial textile materials.

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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