Russia eyes taxing cross-border e-commerce

The deputy finance minister has said a 5% VAT is expected to be applied to the entire value of goods exceeding €200 in value

The Russian Ministry of Finance has proposed imposing a 5% tax rate on foreign purchases made online if the value of the bought goods exceeds €200 in value, according to Deputy Finance Minister Alexey Sazanov, as cited by Kommersant.

The official added that the import duty is expected to be applied to the entire value of the purchased items.