Bellerage

Starting from January 1, it will be possible to waive the zero VAT rate for export operations

Starting from January 1, it will be possible to waive the zero VAT rate for export operations

 The option will be available for export of goods and export-related services, such as:

·        international transportation services

·        freight forwarding services

·        provision of freight cars and containers

·        dock storage services

In order to waive the zero rate it is necessary to file an application to the Tax office no later than the 1st day of the quarter when the organization starts to pay VAT at the rate of 10 or 18%. At the same time several restraints apply: firstly, it will only be possible to switch back to zero rate before the next year, and it will be impossible to change the rate for a particular operation - VAT will have to be paid on all transactions.