On July 1, 2024, new tax rules for the sale of goods from the EAEU countries on marketplaces will come into force. Foreign sellers previously did not pay VAT when selling goods to Russians.
From July 1, 2024, the VAT rate for such sellers will be 16.67%, for the sale of food and children’s goods – 9.09%. Foreign sellers themselves, or their tax agents – foreign or Russian intermediaries through electronic trading platforms, are required to pay VAT.
Owners of an online store from an EAEU country need to register with the Russian tax office and pay VAT.
Russian intermediaries (marketplaces) need to act as a tax agent and pay VAT for sellers from the EAEU.
Now the rule applies only to companies, and for individual entrepreneurs it will come into force on January 1, 2025.
Rinat Zaynutdinov
Partner | TPG-Legal