- The Russian government will adjust the purchase and sales books for VAT
- Changes are related to the introduction of VAT for simplified tax payers from 2025
- Tax rates of 5% and 7% will apply to those with annual income exceeding 60 million rubles
- New columns will be added to sales books for VAT calculations
- Special rules for VAT calculation and payment for goods sold on EAEU marketplaces by Russian organizations and individual entrepreneurs
- Tax agents must keep purchase and sales books according to Russian tax laws
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.
Latest Posts in "Russia"
- VAT on Property Transfer to Withdrawing LLC Members: Recent Russian Court Practice and Tax Base Determination
- Russia is set to increase its standard VAT rate from 20% to 22% starting in 2026
- Russia Faces Economic Uncertainty Amid VAT Hike Plans and Escalating US Sanctions
- Russian IT Industry Retains VAT Exemption, Easing Tax Pressure on Software Developers
- Russian Government Delays Removal of VAT Break for Domestic Software Developers
