The bill, which should reduce the cost of tours for Russians, was presented at a meeting in the State Duma by Russian Prime Minister Mikhail Mishustin. We are talking about amendments to the legislation that will exempt tour operators from paying value added tax (VAT). Experts suggest that the exemption from VAT is obviously done in the expectation that tours will also become cheaper, and not that the tour operators will use the saved amount for personal purposes. We also note that we are talking about domestic tours in Russia for Russians and about entry tours to Russia for foreigners.
Mishustin presented a draft federal law on the exemption of tour operators for domestic and inbound tourism from VAT, in the development of which the Ministry of Finance of Russia took part. “An organization carrying out tour operator activities and applying, from July 1, 2023, the exemption from value added tax taxation established by subparagraph 39 of paragraph 3 of Article 149 of part two of the Tax Code of the Russian Federation .. has the right to apply the said exemption in relation to operations for the sale of a tourist product in the field of domestic and (or) inbound tourism carried out starting from January 1, 2023,” the text of the law, which is published on the portal of regulatory legal acts, says.
It should be noted that back in early March, Russian President Vladimir Putin instructed to amend the legislation by June 1, according to which tour operators will be exempted from paying VAT on trips around Russia until June 30, 2027. The Prime Minister of the Russian Federation Mikhail Mishustin was appointed responsible for the implementation of the order. He reported on the work on the order during a meeting in the State Duma. The Prime Minister recalled that the hotel sector has already been exempted from VAT, the next in line are tour operators. “Now a draft law is being prepared to exempt tour operators from paying VAT. We understand that there is a gap here and we need support. We will implement the bill in the near future,” he said.
At the same time, it is emphasized that the VAT exemption for the sale of tour packages within the country will be retroactive from January 1, 2023 and will last until June 30, 2027.< /p>
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