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– development of the system of tax free will create additional conditions for improving the attractiveness of tourism will raise the demand for goods and services from Russia, – said the Chairman of the state Duma Vyacheslav Volodin, commenting on the approval of the bill. According to him, this is especially true in a situation when due to the coronavirus, the tourism industry was in a difficult position. The task of its restoration requires an integrated approach.

Recall that from January 1, 2018, the Tax code allows foreign nationals to reclaim VAT when exporting outside the EAEU goods purchased in Russia. VAT refund does not apply to excise goods such as alcohol and tobacco. Tax free now operates in 16 regions.

the New document allows the stores to compensate for the VAT to form a cheque in the electronic form at sale of goods to a foreign citizen within one day in the amount of not less than 10 thousand rubles. Will establish electronic document circulation between all participants of the system tax free.

the Ministry of Finance of the Russian Federation explained that the cheque will be automatically transferred into the information system of customs authorities. When goods are exported the foreign national to present to the customs office the goods and to inform the check number and the customs stamp on the export of purchase. After that check is tax free in electronic form is transmitted to the operator, who will refund VAT to a foreign citizen.

it is Expected that the law will come into force on 1 January 2021, but not earlier than upon expiry of one month from the day of its official publication and not earlier than 1-go numbers of the next tax period for VAT.