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Faster Russian VAT refunds

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Faster Russian VAT refunds

As from 1 January 2016, faster refunds are allowed for smaller businesses. The threshold to receive a VAT refund 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 requesting a VAT refund. The rules, time limits and formalities to get a VAT refund in Europe change from country to country. For example, France requires an additional form to be filed with the VAT return, UK only allows refunds to UK bank accounts and Spain repays VAT only once year unless you are registered in the monthly refund scheme, which requires many additional VAT obligations.

  • By Marosa EU VAT
  • Publicado 23/03/2016 10:00