The Russian Ministry of Finance has published Letter No. 03-07-08/83198 of 19 November 2018, which concerns the treatment of input value added tax (VAT) claimed on imported assets that are used as a contribution to the authorized capital of a legal entity. The letter clarifies that, in general, VAT on imported assets, including fixed assets and intangible assets and property rights, may be claimed as an input VAT deduction if the assets are intended for use in domestic supplies subject to VAT…