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    • Global vat tax compliance
    20
    Oct

    Russia- Export VAT


    Russia is looking to impose an export VAT on a range of raw materials, the key reason being to bring in much needed additional revenue. Exports in Russia, and most of the world, are generally VAT exempt.

    The raw materials which could be affected include the following, wood, precious metals, zinc, tin, copper, fertilisers, animal skins and furs; and aluminium,  precious stones and minerals

    VAT exporters of the above will also lose their right to deduct any input VAT incurred on their purchase or processing.


    Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.