The Russian Ministry of Finance issued Letter No. 03-07-08/62571 confirming that the VAT treatment of client search services rendered by a Russian supplier to a non-resident company under an agency agreement is considered to have the place of supply where the service has been provided (Russia), and should be therefore subject to Russian VAT.Read More »
The President of Ukraine signed Law No 5083-VI which introduces a number of amendments to the Tax Code including a provision under which large taxpayers reporting losses will not be entitled to an automatic VAT refund. The change is effective as of 12 August 2012. The automatic VAT refund is not available for large taxpayers reporting tax losses as a result of activities in 2011. Read More »
The Russian Duma has adopted changes to the VAT Chapter of the Russian Tax Code. The amendments should come into force as from 1 January 2013.
This means that VAT exemptions will become significantly wider. Under the current legislation VAT exemptions are quite limited to the trade with securities and core banking and insurance services.Read More »
PwC Switzerland ITX
Michaela Merz 