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13.03.2017
13:35

Eximbank of Russia starts issuing VAT refund guarantees

The Ministry of Finance of the Russian Federation included Eximbank of Russia (part of the Russian Export Center) into the list of banks that comply with the requirements established with respect to acceptance of bank guarantees for taxation purposes.

Now REB is prepared to issue VAT refund guarantees to the companies that export services and non-resource-based products. This bank product is advantageous in that the company can refund VAT even prior to completion of the in-house audits that normally take 3 months. This helps quickly top up the working capital and retain business activity in the market.