Amendments to VAT and NDPI in the Tax Code of the Russian Federation, effective February 27, 2024.

• Amendments to the Tax Code regarding VAT and excise tax were made
• Exemption from VAT for services provided by a carbon unit registry operator is introduced
• The amendment will come into effect on April 1, 2024
• Exclusion of certain gas volumes from the increased excise tax calculation
• The exclusion applies to gas used for LNG production, heat and electricity production, and royalties for certain agreements

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.

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