VATupdate

Share this post on

Simplified Confirmation of Zero VAT Rate for Exporters from January 1, 2024

  • Confirmation of zero VAT rate for exporters simplified from January 1, 2024
  • Previously, exporters had to submit supporting documents in both paper and electronic form until December 31, 2023
  • From January 1, 2024, paper documents are no longer required, and electronic registries containing information from goods declarations and contracts are sufficient for confirmation
  • No need to obtain customs endorsements for shipment of goods by sea and river vessels
  • The determination of the VAT tax base for exports is now the last day of the quarter in which the documents for confirming the zero rate are collected
  • These amendments came into effect on January 1, 2024

Source: garant.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.

Sponsors:

VAT news
VAT news

Advertisements: