If the activity of an enterprise is related to taxable and non-VAT-taxable transactions, then in this case it is necessary to organize separate accounting for various business transactions. This rule is established by clause 4 p. 149 and paragraph 4 of Art. 170 of the Tax Code of the Russian Federation. If such a company does not keep separate accounting, it may lose the right to deduct input VAT.
Instructions
Step 1
Approve the methodology for maintaining separate accounting for taxable and non-VATable business transactions, in accordance with the rule described in paragraph 4 of Art. 149 of the Tax Code of the Russian Federation. To resolve this issue, use additional sub-accounts or analytical reference books to accounts for maintaining income in accounting.
Step 2
Write down in the accounting policy of the enterprise the procedure for separate accounting for the amounts of VAT that is presented or paid when imported into Russia. The distribution of this "input" VAT occurs in a special way. It must be partially included in the cost of products in proportion to the amount of products shipped, the sale of which is not subject to VAT in this tax period. The rest of the VAT amount is accepted for deduction. To ensure separate accounting of "input" VAT, reflect it on a separate subaccount on account 19 "VAT on purchased values". Record the quarterly distribution of the PDS in the accounting statement.
Step 3
Write down in the accounting policy a list of the company's products that apply to both taxable and non-VATable activities. Write off the cost of such a product to account 44 "Sales costs" or account 26 "General business expenses".
Step 4
Indicate in the accounting policy the procedure for calculating the value of the shipped goods. This indicator is important in the distribution of "input" VAT. Use comparable indicators in the calculation, so take the shipping cost without tax.
Step 5
Take for deduction the entire amount of VAT that is charged in the tax period when the share of the total expense for activities that are exempt from taxation is no more than 5% of the total amount of the total cost of production. This rule is specified in paragraph 9 of clause 4 of article 170 of the Tax Code of the Russian Federation. Indicate in your accounting policy that you want to exercise this right. Additionally, write down the methodology for assessing the costs of activities that are exempt from VAT, and the costs of production.
