Russia's Ministry of Finance recently issued guidance concerning the VAT obligations of a Russian resident when receiving supplies of goods, works or service from a non-resident not registered for VAT in Russia.
In such case, the Russian recipient is considered the tax agent for VAT purposes and must calculate and pay the VAT due. When arranging the payment to the supplier through its bank, the recipient of the supply must also provide the bank with an order to pay the VAT due. If the order …