Mistral warship deliveries exempted from VAT

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The Federation Council, Russia’s upper house of parliament, approved a law on Wednesday exempting the deliveries of France’s Mistral-class helicopter carriers to Russia from VAT payments.
The law on VAT exemption, which will be in effect until June 30, 2016, was adopted to prevent an increase in the cost of the contract on Mistral ship deliveries signed between France and Russia.
Russian Deputy Finance Minister Sergei Shatalov said earlier that “the contract with France would be completed” by June 30, 2016 and the Mistral helicopter carriers would be delivered to Russia.

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