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Russia V.A.T. and Other Taxes

Value Added Tax in Russia
  • In most cases, VAT is 18%. Starting January 1,2019 the rate will rise to 20%.
  • There are reduced rates of VAT of 10% that refers mainly to children's products and food products.
  • VAT is charged on assets and services in Russia as well as on imports into Russia.
  • Medications and medical products and technological products are exempt from VAT on being imported.
  • Exports are not subject to VAT.
  • Income from medications and medical services as well as income from insurance and banking services is exempt from VAT.
  • The threshold for VAT registration is a turnover exceeding RUB 2 million in the previous three months.
  • VAT returns are made once in a quarter. The payment is made up until the 25th day after the current quarter, paying the VAT due by up to three installments.

Russia Property Tax
  • This local tax is imposed on movable and immovable fixed assets,according to their depreciated book value.
  • The maximum tax rate is 2.2%.
  • Land is exempt from property tax.

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