Russia’s Ministry of Finance recently published Guidance Letter 03-07-11/64535 of 22 August 2019 concerning the application of the 18% VAT rate for services rendered in 2018 in light of the increase in the standard VAT rate from 18% to 20% in 2019. The letter confirms that as per Federal Law, it is stipulated that a VAT rate of 20% is applied to goods (works, services), and property rights, tha…