VATupdate

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Unified Energy Purchaser in New Regions Exempted from VAT Starting January 2024

  • A single electricity purchaser in new regions will be exempt from VAT.
  • The exemption is based on a regulation approved by the Russian Government.
  • The regulation allows the company to buy and sell electricity in new Russian territories.
  • The State Duma passed a law exempting VAT on compensation received by the purchaser.
  • The exemption applies from January 1, 2024, to January 1, 2028.

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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