The Russian Ministry of Finance has issued Letter No. 03-07-08/285 clarifying the conditions of Input VAT deduction on import of equipments to Russia by the branches of foreign companies registered in Russia.

1. Russia Clarifies Conditions for Input VAT Deduction on Imports Made by Branches of Foreign
Companies
(Sunnyvale, CA)- The Russian Ministry of Finance has issued Letter No. 03-07-08/285 clarifying the conditions of
Input VAT deduction on import of equipments to Russia by the branches of foreign companies registered in Russia.
As per the Tax Code, input VAT on imported equipments will be deductible if such equipments are:
obtained for executing taxable transactions, and
registered on the balance sheet of the Russian Branch (taxable person).
General rules will also be applicable to the Russian branches of foreign companies.
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