Tax & Accounting Blog

VAT rates in Crimea

Blog, Indirect Tax June 3, 2014

The State Council of Crimea has proposed new Value Added Tax rates, a standard rate of 4%, and a reduced rate of 2%, effective June 1, 2014.

Furthermore, according to a recent directive by Russian President Vladimir Putin, domestic travel to Crimea will not be subject to Russia’s 18% VAT rate, but will have a rate of 0% VAT.

Sources: http://www.rada.crimea.ua/en/act/12220

http://voiceofrussia.com/news/2014_04_22/Putin-instructs-to-set-zero-VAT-on-air-traffic-to-and-from-Russias-Crimea-from-June-1-4373/

http://www.rada.crimea.ua/en/notice/1706