VAT is an indirect tax paid on consumer goods or services. It is charged from almost all types of goods and "falls on the shoulders" of the final consumer. In this case, the amount of VAT that is intended to be paid to the budget is determined in the form of the difference in the amount of tax calculated with the amount of payment for the products sold by the taxpayer and the tax that was paid to suppliers for the purchased materials.
Instructions
Step 1
In order to receive a VAT tax deduction, certain conditions must be met:
- goods must be purchased for the implementation of any production activity or for resale, as well as other operations that are subject to VAT;
- the tax was actually paid to the customs authorities when transporting goods through the customs territory;
- the goods have been registered;
- the invoice must be drawn up correctly.
Step 2
In turn, VAT tax deductions include:
- VAT calculated by the taxpayer on the amount of payment received from the forthcoming delivery of works or goods. The specified deduction is made from the moment of shipment of the relevant goods.
- VAT on the installation of fixed assets, capital construction, on acquired buildings in progress, services or goods purchased for the production of construction and installation works;
- the amount of VAT charged when performing construction and installation services for own consumption;
- the amount of VAT paid on the costs of various business trips and entertainment expenses within the limits;
- the value of VAT but advertising costs and the cost of operating company vehicles;
- VAT paid for violation of the terms of the contract.
Step 3
In order to receive a VAT deduction for the acquisition of intangible assets and fixed assets, you need to make the acceptance of objects for accounting.
Step 4
To receive deductions of VAT withheld from foreign persons, you must first pay it to the budget and comply with the condition on the use of the purchased goods for production activities.
Step 5
The deduction of VAT calculated from the advance on the account of the forthcoming export of goods sold outside the territory of the Russian Federation is made only after the date of sale of these goods.
Step 6
All VAT deductions that relate to goods used in production activities and the sale of these exported goods can only be made upon submission of documents confirming the export to the tax authorities.
