29 June 2016
The Russian Government has now passed the third and final bill which imposes the charge of VAT at 18% on the sales of e-services to consumers in Russia.
At present, non-resident businesses providing digital services in Russia do not have to charge VAT on their sales. However, in an effort to remove the unfair advantage given to non-resident companies over Russian resident providers, the Russian Federal Council approved this bill which now confirms that VAT at 18% will be applied on these types of transactions from 1 January 2017.
This new tax will be applied to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.
LATEST NEWS
Several member states are proposing the introduction...
Several EU countries, including Belgium, France, the Netherlands, and Romania, are proposing the introduction of a national handling fee on low‑value...
SEE MORE
LATEST NEWS
Reminder: Bulgaria joined the Eurozone on 1 January...
From 1 January 2026, Bulgaria has adopted the euro as its official currency. The country has been preparing for this transition since joining the European...
SEE MORE
LATEST NEWS
EU to remove the customs duty exemption for “low...
Currently, imports valued at €150 or below can be imported duty free into the EU. However, the European Union has reached an agreement to abolish this...
SEE MORE