24.04.08

The Ministry of Finance explained how to calculate VAT for transactions with foreign companies conducted through Russian agents. According to the document, VAT must be withheld and paid by the party transferring the funds to the foreign company. In other words, this should be done by the agent – but at the expense of the ordering client. If the service rendered is subject to VAT, the principal may file for a VAT exemption.  This is according to Letter of the Ministry of Finance # 03-07-08/69 from March 26, 2008.

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Source: «Главбух»