Russia Tax Agency Announces New VAT Return for Q1 2025 Filing

The Russian Federal Tax Service Dec. 24 announced a new VAT return for usage from Q1 2025. The announcement includes that the new return: 1) is due April 25, 2025, for Q1 2025 filing; 2) includes rates of 5 percent, 7 percent, 5/105 percent, and 7/107 percent, for simplified tax system payers with 2024 income exceeding 60 million Russian rubles (US$599,896); 3) includes rates of 9.09 percent and 16.67 percent, for Russian marketplaces selling Eurasian Economic Union (EAEU) goods to individuals; and 4) adds digital currency transactions and mining, and veterinary services, in the list of exemptions. The announcement also ...