Tax & Accounting Blog

“Having your cake and eating it too” – Russia plans to change Place of Supply rules for services delivered electronically

“Having your cake and eating it too” – Russia plans to change Place of Supply rules for services delivered electronically

Earlier this year a bill passed through the Russian Duma without delay, which would change the Place of Supply Rules for services delivered electronically. The bill would affect both B2B and B2C transactions of digital content and software, web hosting, domain registration, voice services, information processing, remote television, radio, and support software, search engines, … Read More

Exemption Certificates Play Key Role in Criminal Case

Exemption Certificates Play Key Role in Criminal Case

It’s safe to say that exemption certificates, which play an important role in sales tax collection around the country, aren’t generally considered an exciting topic of conversation. The certificates allow wholesale purchasers to buy goods tax-free with the idea that those goods will be sold to retailers, who will then collect sales tax from their … Read More

Russia Presents Draft Legislation on Country-by-Country Reporting

Russia Presents Draft Legislation on Country-by-Country Reporting

On April 8, 2016, the Ministry of Finance of the Russian Federation presented for public discussion a draft law addressing the preparation and submission of country-by-country (CbC) reports. The draft legislation, which amends Part One of the Tax Code of the Russian Federation, was developed in response to BEPS initiatives and in general, … Read More

EU VAT Rates: Towards Greater Flexibility for Member States

EU VAT Rates: Towards Greater Flexibility for Member States

In the last couple of months the European Commission has been discussing the possibility to grant Member States a greater flexibility for determining the VAT rates applicable within their territories, in order to modernize the VAT system and the European Union (EU) single market.   The measure was announced originally by the European Commission … Read More