The Federation Council approved the law on simplified confirmation of zero VAT

The Federation Council approved amendments to the Tax Code of the Russian Federation, which simplify the confirmation of the application of a zero VAT rate for exporters. About it reported on the website of the upper house.

“The Federation Council approved amendments to Chapter 21 of Part Two of the Tax Code of the Russian Federation in terms of improving the procedure for confirming the right to apply a zero VAT rate by exporters,” the press service said in a statement.

According to the amendments, now, in order to confirm the validity of applying the zero VAT rate, exporters will be able to provide documents not only in paper form, but also in electronic form. The explanatory note says that the draft law provides for the refusal to transfer paper documents, including a contract. Now companies will have to submit to the tax register in electronic form, which will display the data of both the declaration and the contract.

The federal law comes into force from the day of its official publication, with the exception of paragraphs 2-4 of Art. 1 FZ. They will come into effect on January 1, 2024.

The bill was submitted to the State Duma by the government of the Russian Federation on March 19. The document was approved in the first reading on April 19. The amendments to the second reading provided that the tax authority should apply to the Federal Customs Service in case of discrepancy between the information specified in the order for the shipment of goods, for the application of zero VAT. If the data is not confirmed by the FCS, then the exporter is denied a 0% tax rate. In the second reading, the bill was adopted on December 8. The day before, December 13, the State Duma approved law in the third reading.