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There are detailed rules controlling the recording and processing of Russian transactions. These include guidelines on:
The standard rate of VAT is 20%.
Russian Federation VAT rates | ||
Rate | Type | Which goods or services |
20% | Standard | All other taxable goods and services |
16.67% | Reduced | Foodstuffs; livestock; certain children’s supplies; medicine; water; books |
0% | Zero | Exports and associated services; suburban rail passenger transport (until 2029) |
Periodic VAT returns must be submitted by all companies with a Russian VAT number, detailing all taxable supplies (sales) and inputs (costs). Returns are generally filed quarterly. Returns and any associated VAT liability are due by the 20th of the month following the period end.
Companies can opt to file VAT returns online or on paper, although in certain situations online filing is compulsory.
In Russia non-residents are not entitled to recover input VAT if they are not registered as a taxpayer in Russia.
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