- The Russian Federal Tax Service explained the procedure for accounting for VAT on goods purchased with subsidies
- Organizations are reminded by the tax service about the procedure for accounting for subsidies in the tax base for VAT
- Funds not related to payment for goods are exempt from taxation
- Generally, input VAT on goods paid for with subsidies is not deductible
- If subsidies cover costs without including VAT, then input VAT can be deducted
- Non-deductible VAT amounts can be included in the cost of goods or written off as expenses
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.
