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 authorities. On the basis of Order No. 1761 defining the practice of the Unified Automatic Information System of the customs authorities, the Ministry of Finance specifies that the transaction between the taxpayer and the customs authorities upon the customs clearance of goods has to be completed electronically.
Related Posts
Russia approves tax code amendments on digital currency, digital rights regulation
May 04, 2026
The Government of the Russian Federation has approved amendments to the Tax Code at a government meeting held on 29 April 2026, aligning its provisions with a draft federal law establishing comprehensive regulation for the organisation and
Read More
Russia: Central bank cuts key rate on easing price pressures
May 04, 2026
The Board of Directors of the Bank of Russia on 24 April 2026 decided to cut the key rate by 50 basis points to 14.50% per annum, citing easing underlying price pressures and the economy’s gradual return to a balanced growth path. However,
Read MoreRussia: VAT return for first quarter must be filed using revised form
April 24, 2026
The Russian Federal Tax Service has reminded taxpayers, on 17 April 2026, that the VAT return for the first quarter of 2026 must be submitted using the updated form, with the deadline for submission set for 27 April 2026. The relevant order of
Read More
Russia, China sign tax cooperation memorandum
April 24, 2026
Russia's Federal Tax Service announced on 21 April 2026 that Russia and China have formalised their collaboration through a Memorandum of Understanding signed by Daniil Egorov, Head of Russia's Federal Tax Service, and Hu Jinglin, Head of China's
Read More
Finland: Government approves suspension of law enforcing Russia tax treaty
April 21, 2026
Finland’s government approved a proposal to suspend the domestic implementing act of the Finland–Russia Income Tax Treaty (1996), as amended on 16 April 2026. The proposal has been submitted to parliament for consideration. Finland has
Read MoreRussia urges individuals to submit CFC notifications before April deadline
April 08, 2026
The Russian Federal Tax Service has issued a reminder that individuals are required to submit the annual notification on controlled foreign companies (CFCs) for the 2025 tax year by 30 April 2026. This obligation applies regardless of the financial
Read More