Regulation of trade through marketplaces in the EEU

On July 1, 2024, Federal Law N 100-FZ entered into force, which amends the Tax Code of the Russian Federation. A significant part of it is dedicated to the regulation of trade among sellers from EEU countries via electronic trading platforms. The main changes within the framework of this law are:

• Sellers from other EEU countries pay value added tax in Russia

The tax base for these persons will be determined by the last day of the tax period.

The value of goods in foreign currency is converted at the Central Bank exchange rate on the last day of the tax period.

Sellers are also required to register with the tax authorities of the Russian Federation to pay tax.

• Sellers from Russia pay value added tax where the buyer resides

Russian sellers are not liable to pay value added tax when the buyers are in another EEU state.

The tax is also not payable when the goods are shipped and transported within the Russian Federation.

• Tax deduction

This law allows a tax deduction in the amount of value added taxes paid to the budget of other EEU countries on goods sold through trading platforms for 2023 and the first half of 2024.