Import Vat/New Instruction Of The State Customs Committee

The completely rewritten new Instruction corresponds with the respective provisions of the VAT law and absorbs numerous orders issued by the customs on application of VAT to imported goods. The Instruction gives a detailed description of items to which 10% VAT rate applies, defines taxpayers and provides for VAT payment procedures. The list of items exempt from import VAT corresponds to that in the VAT law. In particular, it provides customs codes in respect of the following groups of exempt items: bank notes and securities, technological equipment and spare parts (still valid under existing exempt contracts), medicines and medical equipment, etc.

Instruction of the State Customs Committee of RF "On the Procedure of Application of Value Added Tax to Goods Imported to the Territory of the Russian Federation" approved by the SCC order of 6 August 1997 # 478

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information contact Alla Shaulina on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: Alla_Shaulina@ru.coopers.com