Russian online stores will be exempt from VAT when exporting goods
The State Duma adopted in the first reading a bill that simplifies the receipt of a zero VAT rate for Russian online stores selling goods abroad, RBC reports.
The project clarified the list of documents that must be provided by a company sending goods abroad by mail to receive a zero VAT rate (value added tax). For this, enough documents “confirming the actual payment by the buyer of the goods sold”, and a copy of the CN23 customs declaration (its form is established by the Universal Postal Union) that accompanies international mail.
Under current law, exporters using mail to transport their goods could theoretically claim to receive a zero VAT rate, but this was practically difficult to do, since the volume of documents that needed to be submitted for VAT refunds was too large. This made no sense in the case of sending one package, the average cost of up to $ 100.
The simplification of obtaining a zero VAT rate will allow Russian online stores selling goods abroad to avoid double taxation - in Russia and abroad. This will help improve the competitiveness of domestic online stores and the development of the export of Russian goods. Now the share of exports from 225 million items "Russian Post" accounts for only 2%.
If the exporters do not wish to collect supporting documents, according to the bill, they will be required to pay VAT in the amount of 18% or 10%, depending on the category of goods.
The State Duma adopted in the first reading a bill that simplifies obtaining a zero VAT rate for Russian online stores selling goods abroad - reports ...
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