Russian tax legislation updated in accordance with EAEU law

The Eurasian Economic Commission informs that necessary amendments and additions have been made to the tax legislation of the Russian Federation as part of implementing the Protocol on amendments to the Treaty on the Eurasian Economic Union. They concern the reporting on indirect taxation (VAT and excise duties) by importers of goods from the EAEU countries.

The amendments are due to the introduction of a special procedure for paying VAT when importing goods from the Union countries by residents of the Russian free economic areas (FEAs) and are designed to ensure equal conditions for collecting indirect taxes in respect of goods from the EAEU and third countries.

Now, in accordance with the updated legislation of the Russian Federation, importers of goods from the Union States must submit VAT and excise duty returns no later than September 20, 2023. The new form and procedure for completing the relevant declaration as well as the formats of its electronic submission came into effect on August 13 of this year.

Besides, for residents of a free economic area, the indirect tax declaration is supplemented with a new Section 1.1 in respect of goods imported by them into the Russian free economic area from the EAEU territory. Line 060 is designated for goods sold with VAT within 180 calendar days, line 070 – for goods not sold within the same period and (or) sold without VAT. The procedure for filling out the amended declaration is stipulated in Annex No. 3 to the relevant Order of the Federal Tax Service of Russia.

Updating the Russian tax legislation is the final stage of comprehensive efforts to ensure a non-discriminatory procedure for VAT taxation when importing goods from the Union States to the FEA territory.