- Companies and individual entrepreneurs applying the simplified tax system (УСН) are not allowed to issue VAT invoices when selling goods, services, or works.
- However, they have the option to issue such an invoice with the VAT amount specified.
- Nevertheless, this will only result in additional obligations without any benefits.
- In other words, the simplified tax system users will have to pay VAT, but they will not be able to claim it as a deduction.
- Only VAT taxpayers have the right to claim VAT deductions.
- Source: Letter from the Ministry of Finance dated 08.08.2023 No. 03-07-09/74218.
Source: glavkniga.ru
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Russia"
- File Updated VAT Return for Q1 2026 Using New Form Reflecting 22% Rate and Other Changes
- Russian Tax Service Clarifies VAT, Income Tax, and Deductions in New FAQs for 2026
- Statement by President von der Leyen on the 20th package of sanctions against Russia
- Simultaneous Use of Standard and Simplified VAT Rates Is Not Allowed in Russia
- VAT Declaration Updated for Foreign Sellers of E-Services and Goods via Online Marketplaces
