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Russia imposes export VAT

  • Oct 18, 2020 | Richard Asquith

Russia is proposing imposing export VAT on a range of raw materials to raise additional revenues during the COVID-19 crisis. Exports in Russia, and most of the rest of the world, are generally VAT exempt.

The raw materials which would be affected include: wood; precious stones and minerals; precious metals; zinc; tin; copper; nickel; fertilisers; animal skins and furs; and aluminium. 

VAT exporters of the above suppliers will also lose their right to deduct any input VAT incurred on their purchase or processing.

Need help with your Russian VAT compliance?

Researching Russian VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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