Russia Introduces VAT Exemption on Intellectual Property Sales

Russia has published Federal Law No. 97-FZ of 16 April 2022, which amends Article 149 (VAT Exempt Transactions) of Part Two of the Russia Tax Code to provide for the introduction of a VAT exemption on the sale and transfer of exclusive rights for certain intellectual property. The VAT exemption covers exclusive rights to inventions, utility models, industrial designs, integrated circuit topogr…