- VAT when reselling used cars: nuances of invoicing and purchase and sales bookkeeping
- Changes in VAT calculation when reselling cars and motorcycles purchased from individuals starting April 1, 2024
- Clarifications from the Federal Tax Service (FNS) regarding the application of tax rules
- Differentiation in tax base calculation based on ownership of the used vehicle by an individual or a non-registered entity
- No specified list of documents to prove ownership by an individual, allowing businesses to set their own conditions in sales contracts
- Similarities in invoicing procedures for reselling used vehicles based on tax rules
- VAT amounts charged to buyers when purchasing vehicles with interprice difference not eligible for deduction
- Inability to claim VAT deductions on used vehicles for resale, leading to non-registration of invoices in purchase books.
Source: garant.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.
