Russia imposes new regulations on imports from the EAEU.

VTV.vn - With the new regulations, the process of importing goods into Russia is now more complex but also more transparent.

Starting today (June 1st), Russia is implementing new regulations for the import of goods from the Eurasian Economic Union (EAEU) by land. This new system aims to combat illegal imports and ensure full payment of taxes to the federal budget.

Under the implemented Product Confirmation System (SPOT), businesses will now have to pay the equivalent of VAT (22%) and excise tax before goods can be imported into Russia.

This new regulation aims to restrict the "grey market" import of goods by road from member countries of the Eurasian Economic Union (including Armenia, Belarus, Kazakhstan, and Kyrgyzstan) – which are considered barrier-free environments for the movement of goods (including from third countries).

According to experts, the SPOT system acts as a barrier to unofficial imports, including in e-commerce, where counterfeit goods are prevalent. Small and medium-sized enterprises (SMEs) are most affected, particularly those dealing in high-profit items subject to excise taxes, such as electronics, household appliances, clothing, footwear, and cosmetics. Imported consumer goods prices in Russia are projected to increase by 30% to 50% in the second half of this year.

With the new regulations, the process of importing goods into Russia is now more complex but also more transparent. However, the increased costs for importers also mean higher prices for consumers.

Source: https://vtv.vn/nga-ap-dung-quy-dinh-moi-doi-voi-hang-nhap-khau-tu-eaeu-10026060108142683.htm