22.06.2018

Russia: VAT Increase 2019

Russia has proposed VAT increase in 2019.

russia vat update

A Bill introducing several amendments to the Russian Tax Code has been submitted to the State Duma for consideration.

These proposed changes also include increasing the VAT rate from the current 18% to 20% from 1 January 2019.

The reduced VAT rate (10%) would be unchanged. The Bill also includes a provision postponing obligatory VAT adjustments for automotive manufacturers that receive subsidies.

It is possible that the Bill will be approved during the spring session of the State Duma, i.e. before the end of July 2018.

Russia also recently announced that from 1st January 2019, non-resident suppliers of B2B (business-to-business) electronically supplied services will need to register with the Federal Tax Service in Russia, accounting for any VAT owed.

Need more information about reclaiming your VAT on your global business travel expenses? Get in contact with our team today!

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