For B2B, both sides may enter into an agreement for the Russian customer to act as a tax collecting agent. The provider must still complete quarterly VAT returns to report the nil-rated transaction.
Source: vatcalc.com
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