- The Federal Tax Service (FNS) of Russia specified the VAT exemption code for transactions in the carbon units registry.
- Amendments to tax legislation effective from April 1, 2024, expanded the list of VAT-exempt operations (Federal Law No. 37-FZ of February 26, 2024).
- Services provided by operators conducting transactions in the carbon units registry related to greenhouse gas emission restrictions are VAT-exempt (subparagraph 43, paragraph 2, article 149 of the Tax Code).
- The VAT declaration form does not currently include a code for this operation in section II “Operations not subject to taxation (exempt from taxation)”.
- Until the declaration is updated, taxpayers can use operation code 1011229 in section 7 (FNS letter dated June 13, 2024, No. SD-4-3/6535@).
- Relevant tags: 2024, accounting and reporting, taxes, fees, contributions, tax benefits, tax liability, tax control, VAT, document forms, legal entities, FNS Russia.
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.
