Russia will exempt cryptocurrency exchange and custody services from value‑added tax, covering ancillary services related to issuance and trading of digital currencies. The bill, expected to be adopted by July 1 2026, also sets corporate tax rules for platform profits and allows traders to offset acquisition costs against income, though losses cannot be carried forward.
They will be exempt from VAT, covering ancillary services related to issuance and trading of digital currencies.
The bill is expected to be adopted by July 1 2026.
They will be subject to corporate taxation under rules similar to those for professional participants in the securities market.
Yes, they can reduce their tax base with acquisition costs and fees using the FIFO method, but losses cannot be carried forward.
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Bloomberg Tax · about 2 months ago
The Russian Federal Tax Service announced that the filing deadline for Q1 2026 VAT returns is April 27, 2026. Taxpayers must use a new form that reflects a VAT rate increase to 22% from 20%, along with other changes.
EADaily · about 2 months ago
Russia’s Ministry of Industry and Trade has proposed a flat 22% VAT on all foreign goods, including purchases via online marketplaces, effective 1 January 2027. The proposal contrasts with a Ministry of Finance draft that would raise the rate gradually from 5% in 2027 to 20% in 2030. The announcement was made by Minister Anton Alikhanov at the Duma Committee on Industrial Policy on 11 February 2026.
The Moscow Times · 3 months ago
Russia increased its VAT rate from 20% to 22% on 1 January 2026, expanding VAT registration to more small businesses. The Finance Ministry expects the hike to bring an extra 3.2 trillion rubles in revenue, while businesses have already raised prices to offset the tax change. The move aims to close the fiscal gap caused by war spending and falling oil revenues.
Kancelaria Skarbiec · about 3 hours ago
The article analyzes the CJEU ruling in Titanium Ltd v. Finanzamt Österreich (C-931/19) and its implications for fixed establishment and reverse charge in cross‑border B2B services. It clarifies that a fixed establishment requires permanent human and technical resources, and that the reverse charge applies when such an establishment exists. It also notes that Article 47 lex specialis applies to services linked to immovable property, making VAT payable in the Member State where the property is located regardless of a fixed establishment.
VatCalc · about 6 hours ago
Slovakia is drafting legislation to extend its domestic reverse charge regime to high‑risk B2B services such as IT, advertising and consultancy. The new rules would shift VAT liability to the customer and would only take effect once Slovakia secures a derogation from Article 193 of the EU VAT Directive. Businesses should prepare for customer‑side VAT accounting, stricter VAT ID checks and ERP updates.
Kancelaria Skarbiec · about 10 hours ago
The article examines the CJEU ruling on whether a subsidiary automatically constitutes a fixed establishment for VAT purposes. It explains that a subsidiary must satisfy substantive conditions under Article 11 of Implementing Regulation No 282/2011, and that a third‑country parent operating through a subsidiary in Poland does not automatically create a fixed establishment. The ruling also clarifies that EU‑Korea FTA restrictions on corporate forms do not affect the fixed establishment concept.
