The Russian Ministry of Finance issued Guidance Letter 03-07-PZ/19611 on 25 April, which covered VAT liability of movable asset renting and information storage services by non-residents.
According to the guidance, when movable asset renting services (excluding road vehicles) are supplied by a non-resident and purchased by a Russian entity, Russia is considered the place of supply and the supply is subject to VAT. However, renting services for road vehicles are not mentioned under Russia's Ta…