Russian Imports of Aircraft to be Zero Rated For VAT

Russian imports of civilian aircraft will be zero-rated for value-added tax effective from Jan. 1, 2020.

• Federal Law No. 373-FZ, signed by President Vladimir Putin, also provides that imports of aircraft engines, spare parts, and leasing services will be zero-rated for VAT, according to a Sept. 30 government statement.
• Under Federal Law No. 325-FZ companies will benefit from improved dispute resolution procedures under Russia’s tax treaties, the government said. The law is effective Jan. 1, 2020.