The Resource Russia reshapes the VAT landscape for electronically supplied services : impact of new rules on foreign businesses in B2B and B2C markets
Russia reshapes the VAT landscape for electronically supplied services : impact of new rules on foreign businesses in B2B and B2C markets
Resource Information
The item Russia reshapes the VAT landscape for electronically supplied services : impact of new rules on foreign businesses in B2B and B2C markets represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item Russia reshapes the VAT landscape for electronically supplied services : impact of new rules on foreign businesses in B2B and B2C markets represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- On 3 July 2016, the president of Russia signed into law VAT bill No. 244 which introduces the concept of "services provided through the Internet" or electronically supplied services (ESS) and amends the Russian place-of-supply rules for VAT purposes accordingly. The Law comes into effect on 1 January 2017, and reshapes the economics for electronic services provided by nonresident companies to Russian customers in the business-to-business (B2B) and business-to-consumer (B2C) segments, both with and without involvement of foreign intermediaries, such as aggregators and payment agents. This article first summarizes the existing place of supply rules for VAT purposes, the Russia-specific VAT exemption for software use licenses and related key court cases. In addition, the article addresses the scope of the VAT Bill, lists the types of electronic services covered by the Law, describes the VAT payment and reporting procedure and potential direct tax risks
- Language
- eng
- Label
- Russia reshapes the VAT landscape for electronically supplied services : impact of new rules on foreign businesses in B2B and B2C markets
- Title
- Russia reshapes the VAT landscape for electronically supplied services : impact of new rules on foreign businesses in B2B and B2C markets
- Language
- eng
- Summary
- On 3 July 2016, the president of Russia signed into law VAT bill No. 244 which introduces the concept of "services provided through the Internet" or electronically supplied services (ESS) and amends the Russian place-of-supply rules for VAT purposes accordingly. The Law comes into effect on 1 January 2017, and reshapes the economics for electronic services provided by nonresident companies to Russian customers in the business-to-business (B2B) and business-to-consumer (B2C) segments, both with and without involvement of foreign intermediaries, such as aggregators and payment agents. This article first summarizes the existing place of supply rules for VAT purposes, the Russia-specific VAT exemption for software use licenses and related key court cases. In addition, the article addresses the scope of the VAT Bill, lists the types of electronic services covered by the Law, describes the VAT payment and reporting procedure and potential direct tax risks
- Citation source
- In: Tax management international journal. - Arlington. - Vol. 45 (2016), no. 8 ; 13 p
- http://library.link/vocab/creatorName
- Seidov, A
- Geographic coverage
-
- Asia
- Europe
- Language note
- English
- http://library.link/vocab/subjectName
-
- place of supply (VAT)
- VAT
- electronic services
- VAT exemption
- software
- case law
- foreign company
- Label
- Russia reshapes the VAT landscape for electronically supplied services : impact of new rules on foreign businesses in B2B and B2C markets
- Label
- Russia reshapes the VAT landscape for electronically supplied services : impact of new rules on foreign businesses in B2B and B2C markets
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Russia-reshapes-the-VAT-landscape-for/O-3ilO34Xto/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Russia-reshapes-the-VAT-landscape-for/O-3ilO34Xto/">Russia reshapes the VAT landscape for electronically supplied services : impact of new rules on foreign businesses in B2B and B2C markets</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
