The presence of an object of taxation is an important basis for the emergence of the obligation to pay tax. The transactions for which VAT must be paid are determined by the Tax Code of the Russian Federation.
Value added tax is payable if an organization is engaged in one or more of the following activities:
- Sells goods, provides services or works in Russia, including free of charge. For example, in case of a donation agreement, exchange agreement, compensation agreement, payment by the buyer for goods in kind, etc. Proof of the implementation of the sale of goods, works, services can serve as documents confirming business transactions (contracts, acts, payment documents, etc.).
- Transfers goods (works, services) for their own needs. For example, when a company purchased teapots and coffee makers for its office.
- Performs construction and installation work for his own needs, that is, for himself, in an economic way without involving other organizations.
- Imports goods from abroad.
You do not need to calculate and pay VAT when writing off property due to damage or theft.
In addition, VAT is not levied on the circulation of Russian or foreign currency; the amount of interest paid by the borrower; transfer of the property of the organization to the legal successor; the transfer of property as an investment contribution and a number of other operations listed in Art. 146 of the Tax Code of the Russian Federation.
