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Russia Clarifies Input VAT Claimed on Imported Assets Must be Repaid if Assets Contributed to Capital

|Approved Changes|Russia
Russia

The Russian Ministry of Finance has published Letter No. 03-07-08/83198 of 19 November 2018, which concerns the treatment of input value added tax (VAT) claimed on imported assets that are used as a contribution to the authorized capital of a legal entity. The letter clarifies that, in general, VAT on imported assets, including fixed assets and intangible assets and property rights, may be clai…

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