On 8 July 2015, the Russian Ministry of Finance issued Guidance Letter 03-07-11/39228, which clarifies the deduction of input VAT on goods or services purchased for use in providing both VAT-taxable and non-taxable supplies. According to the letter, in such case the amount of input VAT that is deductible must be determined based on the proportion of VAT-taxable supplies to non-taxable supplies. The proportion must be based on the value of goods shipped or property rights transferred in connec…