Invoice Traceability Model adopted on certain import transactions; 2023 potential full B2B pre-clearance e-invoicing Russia has become the latest country to introduce a type of compulsory electronic invoicing. The new Value Added Tax e-invoicing system came into place from 1 July 2021 for a limited
Ends withholding tax requirement The Russian Federal Law has been amended from 1 October 2021 to introduce the Value Added Tax reverse charge on supplies made by non-residents to Russian businesses within the Russian Federation. The changes were included in Federal Law No. 305-FZ from
The Russian online cash register system was introduced in 2017, with a two-year phase in for all retailers, based on the South Korean system. They provide live reporting to the Russian Federal Tax Office to help proved fraud. In addition reducing costs for business and
Russia is to raise its Value Added Tax standard rate from 18% to 19% from 1 January 2019. The special reduced rate on the B2B and B2C supply of Russian digital services will also rise from 15.25% to 16.67%. Reduced VAT rate unchanged There will
