Russian President Vladimir Putin has signed the law "On Amendments to Article 149 of Part Two of the Tax Code of the Russian Federation." This is reported on the Kremlin's website.
In accordance with the law, transactions involving the payment of interest in precious metals in bullion by banks under a bank account (deposit) agreement in precious metals, as well as transactions involving the placement of precious metals by banks that are not attracted to deposits, are exempt from VAT.
