120 billion rubles VAT on the new basis of the declarative procedure was expeditedly reimbursed to Russian businesses based on declarations for the first quarter of 2022. This opportunity has been available since April 1, 2022.
The financial department recalled that a company or an entrepreneur can refund VAT in a declarative (accelerated) procedure (Law of March 26, 2022 No. 67-FZ, Article 176.1 of the Tax Code of the Russian Federation).
Sources:
