Russian State Duma approves new right to recover input VAT on exported services

Russia’s State Duma approved a bill that would allow taxpayers to recover input VAT on goods, works and services used in providing services outside Russia (exported services). An exception is made for services supplied outside Russia that fall within the category of VAT-exempt transactions. The bill still has to pass through two further stages before it becomes law: approval by the Federation Council (Parliament’s other chamber) and signature by the President.

Source: EY

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