UAE clarifies VAT obligations on imported services
The UAE’s FTA has clarified the VAT treatment of imported services in Public Clarification VATP044, confirming that taxable persons must account for output tax on such services and may recover input tax if conditions are met. The UAE Federal
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EU council approves draft directive holding foreign traders and platforms liable for import VAT
The EU Economic and Financial Affairs Council (ECOFIN) agreed on a draft directive on 13 May 2025, introducing new VAT rules for distance sales of imported goods and import VAT. The new rules seek to improve the VAT collection on imported goods
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Russia: Ministry of Finance clarifies VAT rules for foreign goods sales
The Russian Ministry of Finance issued Guidance Letter No. 03-07-08/22634 on 14 March, 2024, providing clarification on VAT calculations for foreign-made goods sold under contract in Russia. According to Paragraph 4 of Article 153 of the Russian
See MoreUAE: MoF announces Executive Regulation for VAT
The Finance Ministry (MoF) announced the Executive Regulation for the Federal Decree-Law No. (8) of 2017 regarding Value Added Tax (VAT) at a Cabinet meeting on November 7, 2017, directed by the Vice President and Prime Minister of the UAE, Sheikh
See MoreRussia: Input VAT deductibility on imported goods
The Finance Ministry has issued letter no. 03-07-15/31200 on 29th May 2015 to clarify the deductibility of VAT input tax on goods imported into Russia if the taxpayer has received a hard copy of the electronic customs declaration from the customs
See MoreRussia: Zero VAT rate applicable to freight services provided by certain vessels
The Finance Ministry (MoF) has issued Letter No. 03-07-РЗ/32218 on July 3, 2014 describing the VAT rate applicable to the provision of services of seaborne vessels and combined navigation vessels based on time charter agreements for the reason of
See MoreBelgian Rules on import warehouse fiscal representatives
Thes European Court of Justice recently reviewed the VAT liability of fiscal representative to any VAT default by their clients. The Belgian VAT authorities offer a special import VAT deferment scheme for companies importing into Europe for the
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