According to Taxamo, Russia is anticipated to put forward a digital VAT …
According to Taxamo, Russia is anticipated to put forward a digital VAT law by 2017. The law will introduce an 18% VAT rate on foreign digital service companies supplying Russian consumers. According to the article, the expected revenue from the new VAT will be “quite significant”, as the annual income from the provision of digital services by foreign companies to Russian consumers has consistently amounted to over €3 billion.
