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: FTS to introduce updated 3-NDFL tax return form from September 2026
Russia’s Federal Tax Service (FTS) will introduce an updated 3-NDFL tax return form (KND 1151020) from 1 September
Read More
Ferro-silicon duties take effect as EU prepares major chemical controls
The week was defined by the activation of previously announced trade defence measures rather than the publication of
Read More
Russia: Government proposes VAT calculation changes
The Government of the Russian Federation has submitted draft legislation to amend Article 168 of Part Two of the Tax
Read More
EU unleashes broad trade defence campaign targeting China, Russia, and now US Biofuels
The European Union executed a significant protectionist shift this week, defined by a sustained and escalating campaign
Read More
Russia: CBR lowers key rate used for tax interest calculations
The Central Bank of Russia (CBR) has reduced the key interest rate from 14.5% to 14.0% on 24 July 2026. The CBR’s
Read More
Russia introduces simplified procedure for online tax notifications
The Russian Federal Tax Service has announced that a simplified procedure for delivering tax notifications through the
Read More