The Russian Ministry of Finance recently issued Guidance Letter 03-03-06/1/42961, which clarifies eligibility requirements for a taxpayer to zero rate exports for value added tax purposes. According to the letter, transactions involving the export of goods may only be zero rated if the taxpayer submits required documentation to the tax authorities. Such documentation must be submitted within 180 days from the date the goods are exported abroad, and includes:
- The purchase and sale contract;
- C…