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Russia and Belarus announce VAT and excise union 2023

States enter in treaty to synchronise VAT rules and compliance

Russia and Belarus have agreed to synchronise their VAT and excise rules to help support intra-state trade. Measures include:

  • Minimum standard VAT rate of 20%; lower VAT rate 10%
  • Confirmation of exempt supplies
  • Harmonisation of reduced VAT supplies and rates
  • Oversight of disputes by new joint Supranational Tax Committee
  • List of supplies subject to excise duties
  • Minimum excise duties agreement
  • Integrated IT system for data capture and sharing
  • Agreement on audit and other mutual assistance between tax authorities

The above measures will come into force from 1 January 2023.

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