Russian Parliament Considering VAT Exemption on Imported Technological Equipment and Electronic Products

The Russian parliament is considering draft Bill No. 542-8, which would expand the scope of imported goods that are exempt from VAT to include certain imported technological equipment and electronic products. In particular, a VAT exemption would be provided for technological equipment and electronic products (including components, spare parts, etc.), where equivalent equipment and products are not produced in Russia, according to a list approved by the Russian government. The explanatory mat…