Import taxes and duty for importing to Russia 

Overview

Import taxes and duty fall due when importing goods into Russia when either a private individual or a commercial entity transport goods in Russia. However, tax and duty and rules differ by type of importer. The valuation method is CIF (Cost, Insurance and Freight), which means that the import taxes and duty payable are calculated three parts

  1. The sum of the value of the imported goods
  2. The cost of freight
  3. The cost of insurance.

 

Duty can be ad valorem (Latin for "according to value") or specific, i.e. based on units of measure such as piece count or weight.

 

In addition to duty, imports are also subject to Value Add Tax (VAT).

Sales Tax

Sales Tax


VAT is levied on imports at a 18% standard rate calculated on the sum of the CIF (Cost, Insurance and Freight) value and applicable duty.  


Some products are subject to a reduced VAT rate of 10% and you should seek advice on which product carry the lower VAT rate.

Minimum thresholds

Private and commercial imports are subject to different tax and duty requirements.


Private imports by post or courier up to a combined CIF (Cost, Insurance and Freight) value of €1,000 and a combined weight of 31 kg within one calendar month are exempt from VAT and duty.  


When either the CIF (Cost, Insurance and Freight) value or the weight, or both are above the threshold, the following requirements apply:


If the value is greater than €1,000, then a combined duty and tax is levied at 30% on the difference.  If the amount payable does not exceed €2, then it is waived.


If the weight is greater than 31 kg, then a combined duty and tax is levied at €4 per kg on the difference.


If both the value and the weight are above the threshold, then a combined duty and tax is levied at 30% on the difference in value, with a minimum charge of €4 per kg.


Commercial imports are subject to duty and VAT regardless of the import value and weight.  The duty rate depends on the type of commodity and advice should be taken on commercial imports into Russia.

Other taxes and customs fees

There are no other taxes or customs charges applicable to imports goods into Russia. However this can change and advice should be sort before any goods should be exported in Russia.


Definition Of 'AD VALOREM TAX'

A tax based on the assessed value of real estate or personal property. Ad valorem taxes can be property tax or even duty on imported items. Property ad valorem taxes are the major source of revenue for state and municipal governments.


Municipal property ad valorem taxes are also known as "property taxes".

Top ten most import items to Russia

  1. Mobile phone
  2. Watch
  3. Iphone 6
  4. 3d printer
  5. Iphone 5s
  6. Olive oil
  7. Jewellery
  8. Tea
  9. Furniture
  10. Mp3 player

Top Ten most export items from Russia

  1. Watch
  2. Car
  3. Clothes women
  4. Wedding dress
  5. Computer hardware
  6. Honey
  7. Microphone
  8. Sunflower oil
  9. Vodka < 2 litres
  10. Fur hat