VAT News

Russia-Standard rate to increase

Last week, the Russian parliament gave their approval to a rise in the standard rate of VAT applicable in Russia. The current rate of 18% will rise to 20% with effect from 1 January 2019. Any supplies from this date will be subject to the new rate, even where contracts were concluded prior to 1 January 2019.

The reduced rate of 10% will remain unchanged.

Related articles

EU-VAT gap report

The 2016 VAT gap report for the 28 EU member states has recently been released

Read more
UK-Implications of a 'no-deal' Brexit

The UK government has released guidance on the VAT impacts of the UK leaving the EU with no deal negotiated

Read more
South Korea - VAT has been extended to foreign cloud computing

The scope of VAT has been extended to foreign B2C cloud computer services.

Read more