Vladimir Putin prolonged release from the VAT of services at Formula 1 Russian Grand Prix

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President of the Russian Federation Vladimir Putin signed the law on extension till December 31, 2025 inclusive releases from taxes on a value added (VAT) of advertizing and other services, connected with carrying out to Russian Federation "Formula One" stage. The document is published on Friday on an official portal of legal information. Earlier edition Federal law of the Russian Federation of 31 July 1998 No. 146-FZ "On the Tax Code of the Russian Federation" provided release from these VAT of services from January 1, 2017 to December 31, 2020. But because action of contracts to Russian Federation was prolonged for carrying out a stage of "Formula One" till December 31, 2025, and also considering possible transfer of a venue...

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