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Russia Clarifies Trademark License Payments Subject to VAT

|Approved Changes|Russia
Russia

The Russian Ministry of Finance has published Letter No. 03-07-11/70530 of 27 October 2017 on the application of value added tax on the transfer of exclusive rights for the use of trademarks under a license agreement. The letter notes that under Article 146 of the Russian Tax Code, VAT applies on the sale of goods, works, and services in the territory of the Russian Federation, including the tr…

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