There are three main rates of VAT depending on the nature of the supply. The 0% rate applies, in particular, to the sale of goods exported outside the Russian Federation. The 0% rate also applies to a list of services which includes,
In recent years, few tax incentives have been available in Russia, but that is now changing, partly due to the Russian government’s current modernisation agenda.
At the beginning of 2014, Russia’s total trade with Asia reached US$144.4 billion, catching up to second place behind Russia’s trade with Europe and the UK which stood at US$318.2 billion.
Economic reforms in Russia had been an ongoing process. Russia had since been working to improve its business environment for several years. Russian Asian Business Union.
