VAT-free invoices for the simplified taxation system do not need to be issued
29.10.2024|1 Minute
On October 23, 2024, the Federation Council approved the law on amendments to the Tax Code of the Russian Federation on tax reform-2025. The provisions introduced earlier by Law No. 176-FZ of July 12, 2024 have been supplemented and clarified.
From 2025, companies and entrepreneurs on the simplified taxation system with income up to 60 million RUB per year are recognized as VAT payers, but are exempt from paying VAT. The new law exempts taxpayers applying the simplified taxation system from the obligation to issue invoices.
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