Russia considers implementation of split payments for e-service transactions

28 July 2017

In an effort to prevent VAT fraud, Russia is considering introducing a VAT split payments regime on the sales of e-services.

If introduced the split payment procedure would require online market places (such as Amazon and E-bay) to collect the VAT at 18%, which is due on these types of sales, directly from the consumer. The online market place would then pay these VAT amounts directly to the Russian tax authorities before passing the remainder of the sales amount back to the service provider.

LATEST NEWS

Belgium to implement business to business (B2B)...

In May 2022, the Belgium Chamber of Representatives published a draft law that could oblige electronic invoicing between VAT registered companies in the...

SEE MORE
VAT news
LATEST NEWS

Romania to introduce mandatory business to government...

The Romanian tax authorities have confirmed that businesses that sell to government departments will be required to issue e-invoices from 1 July 2022. Since...

SEE MORE
VAT news
LATEST NEWS

New EU e-commerce packages – EU confirms initial...

The European Union (EU) has released statistics showing that the introduction of the EU e-commerce packages in July last year, has been a success. The figures...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.