In Letter No. 03-07-08/64188 issued on 10 August 2021, the Russian Ministry of Finance clarifies that application of the zero VAT rate with respect to work related to aircraft repair is not covered by article 164 of the Russian Tax Code; hence, such work is subject to VAT in Russia at the standard rate of 20%.
Source: Deloitte
Latest Posts in "Russia"
- Russia’s SPOT System Boosts VAT Revenue Growth in Federal Budget for Second Year
- Russian Finance Ministry Proposes VAT on Foreign Marketplace Purchases Starting 2027
- Russian Finance Ministry Proposes VAT on Foreign Goods from Marketplaces, Gradual Rate Increase Planned
- New Control Ratios Added to VAT Declaration for Enhanced Taxpayer Self-Monitoring and Compliance
- Russian Government Plans to Revoke VAT Exemptions for Bank Card Transactions
