- The moment of restoring advance VAT is determined by the date the buyer accepts the goods, not when they are accounted for
- The buyer is responsible for restoring VAT from advance payment in the tax period when the seller shipped the goods against that prepayment
- This rule applies even if the seller shipped the pre-paid goods in one quarter and the buyer accepted them in the next
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"
- Russia Considers VAT Increase to Cover Budget Shortfall
- Rising Deficit Prompts Russia to Consider 2% VAT Increase
- Russia Considers Raising VAT to 22% Amid War Spending and Budget Deficit Concerns
- Lawmakers Propose Reducing VAT on Essential Goods to Lower Consumer Costs
- Parliament Suggests Lowering VAT on Essential Goods to Ease Consumer Burden
