Russia plans to introduce a VAT scheme of online sellers of goods. The Association of Internet Companies in Russia has proposed the government to implement a scheme where foreign businesses selling goods online are subject to the same VAT rules as local businesses. Following this proposal, VAT on online sales of goods has been included in the list of areas to be developed in the fiscal policy that the Ministry of Finance will publish in the coming months. The changes...
- By Marosa EU VAT
- Published 30/12/2016 9:53
Get your VAT back faster with VAT refund limits introduced in Russia As from 1 January 2016, faster refunds are allowed for smaller businesses. The VAT refund threshold without an audit from the authorities has been reduced from 10 to 7 billion RUB of indirect taxes paid in the previous 3 calendar years. Russia is a difficult country to get your VAT back, with regular audits carried by law for small businesses. Also other European countries carry automatic audits when...
- By Marosa VAT
- Published 21/03/2016 14:05