- Russia will expand VAT exemptions for certain precious metal banking transactions starting January 2026.
- The new law exempts interest paid in precious metal bullion on deposits from VAT.
- The exemption also covers banks placing precious metals without taking deposits.
- These changes align VAT rules for precious metal deposits with those for currency deposits.
- The measures are established by Federal Law No. 417-FZ, published on 17 November 2025.
Source: regfollower.com
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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