Andrey Shpak speaks to Business FM about the Supreme Arbitration Court’s initiative limiting the time for VAT recovery from contractors.

The fact that VAT cannot be recovered on expiry of the three-year statute of limitations might give rise to some grave financial issues for suppliers, believes Andrey Shpak.

The Russian Supreme Arbitration Court outlined the current practice in this context quite unambiguously. Goltsblat BLP Partner Andrey Shpak answered questions from Business FM.