Organizations that manufacture products intended for export can reimburse the VAT amounts paid to suppliers after the profit is received, and documents confirming the export of products are submitted to the tax authorities.
Instructions
Step 1
The actual closure (refund) of VAT on purchased values that were used for the production of export products, carry out according to the specific weight of manufactured products, the export of which is documented in accordance with the norms of Article 165 of the Tax Code of the Russian Federation. This type of VAT closure is suitable for the case when it is known for sure that export products will be produced from the acquired values.
Step 2
However, remember that if the organization confirms that the acquired values will go exclusively to the manufacture of products intended for sale in the Russian Federation, but in fact it turns out that the products will be shipped for export, then the organization, at the time of shipment of the export products, will have to recover the VAT amount owed on material assets consumed in the manufacture of export products.
Step 3
It is also worth paying attention to the fact that according to Article 166 of the Tax Code of the Russian Federation, the amount of VAT must be calculated for each operation separately. In addition, in accordance with Article 164 of the Tax Code of the Russian Federation, a separate declaration must be submitted to the tax authorities for each transaction related to the sale of products. With all this in mind, always keep separate records of sales transactions. Since there is no exact procedure for maintaining separate accounting in our country, taxpayers are obliged to determine it independently.
Step 4
Considering that the VAT amounts are subject to closure only after the documents confirming the export of products are submitted to the tax authorities, in the reporting period of the purchase of material assets, set a certain proportion in which it will be displayed how the purchased and paid values were used in the production of export products. This proportion can be determined based, for example, on the total cost of purchased and written off material resources for products for the previous reporting period.
