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Starting from 2020, new VAT benefits will come into force

Starting from 2020, new amendments will enter into force in Chapter 21 of the Tax Code of the Russian Federation, which supplement VAT exemptions. The relevant Federal Law dated September 29, 2019 No. 324-ФЗ is published on the Official Internet Portal of Legal Information.

Amendments to Article 150 of the Tax Code of the Russian Federation exempt from VAT the import into Russia of civil aircraft subject to registration with the State Register of Civil Aircraft of the Russian Federation. The import of aircraft engines, spare parts and components used for the construction, repair and modernization of civil aircraft in Russia is also exempted from VAT.

In addition, amendments to Article 164 of the Tax Code of the Russian Federation establish a zero VAT rate for operations on:

  • sales of civil aircraft registered (to be registered) in the State Register of Civil Aircraft of the Russian Federation;
  • lease of civil aircraft registered (to be registered) in the State Register of Civil Aircraft of the Russian Federation;
  • sales of aircraft engines, spare parts and components used for the construction, repair and modernization of civil aircraft in Russia.

At the same time, the law defines the documents substantiating the right to apply VAT benefits for the above operations.

According to the law, these standards will enter into force on January 1, 2020.