Organizations have the right to reduce value added tax on tax deductions. In the article, we will consider the conditions for applying tax deductions for VAT in 2018.
Tax amounts are subject to deductions:
presented by suppliers when purchasing goods, works, services, property rights in the territory of the Russian Federation (clause 2, article 171 of the Tax Code of the Russian Federation);
paid when importing goods into Russia (clause 2, article 171 of the Tax Code of the Russian Federation);
paid by buyers - tax agents (clause 3 of article 171 of the Tax Code of the Russian Federation), presented by sellers to a taxpayer - a foreign person (clause 4 of article 171 of the Tax Code of the Russian Federation).
calculated from advance payment for the forthcoming supply Germany WhatsApp Number List of goods (works, services), property rights (clauses 5, 8, 12 of article 171 of the Tax Code of the Russian Federation);
presented by the seller to the buyer and paid by the seller, in case of return of goods (clause 5, article 171 of the Tax Code of the Russian Federation);
accrued during the performance of construction and installation works (clause 6 of article 171 of the Tax Code of the Russian Federation);
paid for travel expenses and entertainment expenses (clause 7, article 171 of the Tax Code of the Russian Federation);
calculated on transactions for the sale of goods, works, services for export, in the absence of supporting documents (clause 10, article 171 of the Tax Code of the Russian Federation);
restored by a shareholder (participant, shareholder) on property received as a contribution to the authorized capital (clause 11, article 171 of the Tax Code of the Russian Federation).
Basic conditions for accepting VAT for deduction
VAT paid on the purchase of goods, works or services (VAT deductible) refers to goods, works or services, the place of sale of which is Russia.
Purchased goods, works, services are needed to carry out activities subject to VAT.
The Federal Tax Service periodically publishes data on the safe share of VAT deductions, which can be reflected in tax records without fear of tax sanctions. Data varies by region.
As of February 1, 2018, the Federal Tax Service updated regional statistics on deductions. For Moscow, this figure was 89.0%.
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