Import of Production Equipment in Russia
When implementing production projects in the Russian territory, the Russian companies are interested in obtaining maximal preferences in terms of paying the taxes, duties and fees pertaining to the import of technological equipment. The effective legislation provides for a number of possibilities for importing investors to reduce their expenses in respect of customs payments. The attached information letter prepared by the Beiten Burkhardt lawyers describes the mechanism of exempting from the payment of the value-added tax, the possibility of applying the concession on paying the customs duties when a foreign investor imports the equipment as a contribution to the share capital, as well as the issues of obtaining the classification solution for the purpose of determining the preferential customs rate.
