Tag: VAT

Equipment for MDF production will be VAT exempt

The list of equipment whose import will be exempt from the Value-Added Tax (VAT) now includes a line of equipment (including spare parts and components) required for MDF production. The corresponding Decree was signed by Mikhail Mishustin, Chairman...

Russian Timber Journal 03-2019: volume of timber in Russia has exceeded in 2018 its historical peak; the WhatWood analytical review of the market pellet in Russia; China increased its imports of birch veneer logs; export OSB from Canada doubled; negative outlook Moody’s for the global timber industry complex in 2019-2020

Russian Timber Journal No. 03-2019: the volume of logging in Russia exceeded its historical maximum in 2018; WhatWood Agency conducted a study on the pellet market in Russia; the downward trend in the export of unprocessed round timber...

China reduces VAT on sawn timber and round timber from 1 April 2019

VAT on some commodities and services has been reduced in order to stimulate the economy and the development of processing in the country. VAT on round timber is reduced from 10% to 9% sawn timber from 16% to...

Loggers request not to cancel VAT return for log exports

Top managers of Lesnoy Soyuz partnership and the Chamber of Commerce sent a letter to Prime Minister Dmitry Medvedev with the request to save the current procedure for VAT refunds to exporters of logs, as “Russian Forestry News”...

Government abolished VAT on imports of equipment for OSB and MDF production

At the website of the Russian Government, the Decree #419 as of May 15, 2013 is published. In accordance with the decree, the list of equipment which has no analogues produced in Russia and is therefore not subject...