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Russia: VAT exemptions for local tours

Description

On 31 July 2023, the president of Russia signed Law No. 389-FZ, exempting Russian tour operators from the value-added tax (VAT) payable on local tours. The law amends the Russian fiscal code and exemp...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jul 2023

Revocation date

30 Jun 2027

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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