VAT Changes in Russia, June 2015
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VAT updates in Russia relevant to June 2015. The article was originally published here: http://www.accountor.ru/en/news/2015/updates-vat-russia-june-2015
VAT Changes in Russia, June 2015
- 1. ACCOUNTOR Sadovnicheskaya nab. 79 Moscow Stockholm 115035 Moscow, Russia St. Petersburg Oslo +7 495 788 00 05 Kyiv Copenhagen accountor.ru Helsinki Utrecht info@accountor.ru Updates on VAT in Russia, June 2015 Today we are discussing recent changes in VAT (Value Added Tax) regulations in Russia: TAKING DEDUCTIONS ON ONE INVOICE OVER SEVERAL DIFFERENT PERIODS. WHICH DEDUCTIONS CAN BE TRANSFERRED AND WHICH CANT. Deducting VAT based on one invoice in different tax periods over three years after the recording of the goods (works, services), other than from capital assets, equipment to be installed, and (or) intangible assets, does not contradict the Codex norms. Legislation act: Letter of the Ministry of Finance from April 9th 2015 03-07-11/20293 HAVING INDIVIDUAL BOOKS FOR EACH SUBDIVISION ISNT NECESSARY. Companies that provide services through subdivisions can arrange a consolidated sales book and a book for purchases. Having individual books for each office isnt necessary. Legislation act: Letter of the Ministry of Finance from March 24th 2015 03-07-11/16050 THE AGENT DREW UP OUR COMPANY ONE INVOICE FOR TWO VENDORS. DO I HAVE TO REGISTER THE INVOICE TWICE IN THE PURCHASE LEDGE? Only one entry can be made in the purchase ledger. From January 1st 2015, an intermediary who buys goods from two or more vendors for a principal on their behalf, is entitled to put in a single invoice. This document can combine figures of invoices issued by different vendors on the same product or service. In the second column of the purchase ledger the operation code will be 27. In columns 9 and 10 the TIN/RRC of the providers has to be put with a semicolon. The information about the agent should be written in columns 11 and 12. Column 15 should reflect the cost of the goods (works, services) which are specified in column 9 of the invoice, whilst column 16 should show the amount of tax from column 8 of the invoice.
- 2. ACCOUNTOR Sadovnicheskaya nab. 79 Moscow Stockholm 115035 Moscow, Russia St. Petersburg Oslo +7 495 788 00 05 Kyiv Copenhagen accountor.ru Helsinki Utrecht info@accountor.ru Legislation act: p. 1 of the Rules of sales invoicing, approved by regulation of the Government of the Russian Federation order form December 26th 2011 1137 CAN YOU FILL IN THE TAX REGISTRATION REASON CODE BY HAND IF AN INVOICE WAS FILLED ON A COMPUTER? Yes, you can. Invoices can be filled in through a mixture of both methods: both entering details by hand and by doing some on the computer. Legislation act: p. 2 app. 4 to regulation of the Government of the Russian Federation from December 26th 2011 1137 IF A SUPPLIER RETURNS THE ADVANCE PAYMENT TO THE BUYER, IS HE ENTITLED TO DEDUCT THE VAT ADVANCE? In Column 7 of the purchase ledger, it is necessary to put the number and date of payment to return the advance payment to the buyer. Legislation act: Letter of the Ministry of Finance dated March 24th 2015 03-07- 11/16044 Click the link to view previous changes to the VAT in Russia relevant to May 2015. Please contact us for further information: Daniil Berlizov Senior Business Development Manager Mobile: +7 916 539 68 66 Office: +7 495 788 00 05 Email: Daniil.Berlizov@accountor.ru Samuli Pesu Deputy CEO Mobile: +7 926 710 43 61 / +358 50 553 20 34 Office: +7 495 788 00 05 Email: Samuli.Pesu@accountor.ru Pertti S辰r旦salo Sales Director Nordics Mobile: +358 40 590 7603 Email: Pertti.Sarosalo@accountor.ru