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Day: 11 December 2015

New VAT reform in Russia for all

If the company provides customers in Russia with electronic services, it should pay VAT regardless of its place of incorporation. So it can be actually Russian company, incorporated outside of Russian jurisdiction or it can be foreign company, in both cases VAT must be applied. According to RBC, draft law introduces VAT for licences for software for personal computers and databases regardless of person selling it – whether Russian company or foreign company sells such licence.

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