Russia Clarifies VAT Obligations for Payments in a Foreign Currency for Services Provided by a Non-Resident not Registered for Tax

The Russian Ministry of Finance recently published Letter No. 03-07-08/10658, which clarifies the value added tax (VAT) obligations of a Russian legal entity when making payments in a foreign currency for services provided by a non-resident that is not carrying out activities in Russia nor registered for tax purposes in Russia. According to the letter, in such case, the place of supply is consi…