Bellerage

Electronic workflow to speed-up VAT refund

Electronic workflow to speed-up VAT refund

Starting from October 1 this year, electronic workflow will replace paperwork for retail organizations, operators and tax authorities in the Tax Free system.

This will allow to cut down costs of collecting and transferring receipts and simplify the process of VAT refund.

The transition to electronic workflow is expected to contribute to the expansion of Tax Free project, which will increase sales of premium goods and make Russian retailers more competitive on global market.

We remind that the Tax Free system, which has been operating in Russia since January 2018, allows foreigners to reimburse VAT for purchases over 10 thousand rubles, upon presentation of the receipt to customs officials on departure. Tax-free retailers are currently based in Moscow, Moscow region, St. Petersburg and Sochi.