Russia tightens VAT rules on EAEU imports starting 2027
Russia has approved new rules for calculating VAT on goods imported from EAEU countries. The changes, set to begin in 2027, will allow tax authorities to monitor and adjust prices if they fall below market value. Officials claim this will prevent underpayment and increase budget revenues.
The amendments introduce a new article, 54.2, into the Tax Code. It targets goods subject to mandatory labelling or traceability, such as those tracked by the Chestny ZNAK system. If an imported item's declared price is lower than the market range, authorities will use the minimum market price for VAT calculations.
Tax officials will gain broader powers to request documents and verify pricing. However, the Ministry of Justice questioned how and when these requests can be made. The Ministry of Finance also noted that current rules limit adjustments for goods arriving from EAEU member states.
The law takes effect on January 1, 2027, but a decree on price determination must first be finalised. Experts have warned that small businesses may face more disputes and unexpected VAT bills as a result.
The government expects the changes to close VAT gaps caused by understated import values. Businesses will need to prepare for stricter oversight and potential price adjustments. The final decree will clarify how market prices are set before the law is enforced.
