In Russia, a fiscal representative is not compulsory when a local or foreign company registers for the payment of taxes. Even so, it is recommended for a tax representative to be in charge of the collaboration between companies and the tax authorities in Russia. In the following lines, you can discover some of the responsibilities of such a tax representative, specifying that one of our company formation agents in Russia can help you with the registration procedures for paying taxes in Russia. We also offer assistance for company formation in Russia.
What are the responsibilities of a fiscal representative in Russia?
Even if there is no obligation to appoint a fiscal representative in Russia for a company opened here, it is good to consider the services of such a specialist. There are no restrictions regarding the appointment of a fiscal representative in Russia and it is even recommended. Starting from this idea, here is what you need to know about the responsibilities of a tax representative, specifying that once you open a company in Russia it is best to appoint one:
- A tax representative can take care of registration for VAT in Russia, one of the most important taxes in this country.
- A tax agent can take care of the documents required and required by the local authorities for VAT registration in Russia of a local or foreign company.
- A tax representative in Russia must have residency in this country and authority to be able to represent the company in collaboration with tax institutions.
- The tax agent must ensure that all documents are correct and that they can be presented to the relevant authorities.
- The fiscal representative can also take care of the registration for the other taxes applicable in Russia, depending on the business structure.
Russia does not impose the appointment of a tax representative for a foreign or local company, but it is good to consider such a specialist. You can contact one of our local agents if you want to open a company in Russia and request a fiscal representative.
How is VAT registration done in Russia for a foreign company?
If the company intends to have economic operations on the market for more than 30 days, then it is obliged to register for the payment of taxes in Russia. Thus, the necessary documents are drawn up, along with those of the company in question, and then they must be submitted to the Tax Authority in Russia, namely the Russian Federal Tax Office, for registration. Once accepted, the VAT code is issued: INN (ИНН) followed by 10 digits. Here, one of our specialists can help you with the respective VAT registration.
VAT rates in Russia
In Russia, the standard VAT rate is 20%. Here are other VAT rates:
- A 16.67% VAT rate applies in Russia to e-services.
- A 10% VAT rate is imposed for different basic food, pharmaceutical and medical products, books, children’s clothes, etc.
- There is no VAT imposed on suburban rail passenger transportation and exports.
Why choose the services of our specialists in Russia
Even if it is not mandatory to appoint a fiscal representative in Russia, this is recommended for any company in this country, either registered with local or foreign capital. Certain aspects of tax legislation may seem quite complex, but a specialist in the field knows everything necessary in this endeavor.
We recommend that when you want to set up a company in Russia, you should also consider a tax representative who can simplify the procedures linked to tax registration and more.
If you want to benefit from the services of our accountants in Russia, you can get in touch with us. Do not hesitate to contact us if you want more information about company incorporation in Russia and related aspects, including a fiscal representative.