VAT increase up to 20%. What needs to be done?
The VAT rate will increase from 18% to 20% from January 01, 2019. Transactions (sale of services, goods or work performance) which used to be taxed at 18% will be taxed at 20% from January 01, 2019.Read more
Agent VAT upon payments to foreign companies in Russia
Foreign companies often enter into contracts with their subsidiaries in Russia for provision of services such as, for example, management services, consulting services, information support, royalties, etc. In some cases, the Russian subsidiaries will be required to withhold agent VAT upon payment of fees for services rendered to their parent company.
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