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Eurasian Economic Union Treaty Including Changes to VAT Tax Rules Signed

21 July 2014

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Approved Changes

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Belarus-Kazakhstan-Russia

On 29 May 2014, Belarus, Kazakhstan, and Russia signed a treaty creating the Eurasian Economic Union (EEU). The treaty creates a single market and makes changes to the VAT regime as it applies to the Customs Union of the three countries. Key VAT changes include: Indirect taxes will not be applied if goods are delivered among subdivisions of a single legal entity that are located in different EEU Member States When exporting goods outside the EEU, any document specified in the EEU's indirect tax legislation that is not required under the law of the relevant Member State will not need...