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Russia Confirms Advertising Services Provided to Non-Residents are Not Subject to VAT

|Approved Changes|Russia
Russia

The Russian Ministry of Finance recently published guidance letter No. 03-07-08/83982 of 29 August 2022 concerning VAT obligations in relation to the rendering of advertising services by a Russian organization to non-residents in Canada and the United States. The letter clarifies that in accordance with Article 146 of the Russian Tax Code, transactions involving the supply of goods (works, serv…