Legal Encyclopedia. The letter H

VALUE ADDED TAX

- Refundable payment levied on legal entities and individual entrepreneurs -Individual for the sale of goods, works or services. Taxpayers:

1) legal entities;

2) natural persons - individual entrepreneurs;

3) persons who move goods across the customs border of the Russian Federation.

The object of taxation:

1) the sale of goods, works or services in the territory of the Russian Federation;

2) the transfer of goods, works or services for their own needs;

3) perform for their own consumption of construction works;

4) the importation of goods into the customs territory of the Russian Federation.

They are not subject to taxation:

1) transactions with Russian circulation and foreign currency;

2) seizure of property by confiscation;

3) inheritance;

4) the transfer of assets to the assignee of the organization;

5) transfer of residential premises to individuals in privatization;

6) works bodies, which are included in the system of public authorities and local governments.

Taxpayers subject to mandatory registration with the tax authority. When the registration of the taxpayer is assigned an identification number (TIN). Foreign organizations have the right to register with the tax authority at the location of the permanent missions to the Russian Federation at the written request. The certificate of registration is made in Russian and is a document of strict accountability.

Legal entities and individual entrepreneurs may be exempted from tax if the proceeds from the sale of goods (works, services) for the previous 3 calendar months did not exceed one million rubles.

Tax base - cost, physical or other characteristic of the object of taxation.

Tax period is recognized

calendar month. the tax period is set as a quarter for taxpayers with monthly amounts of revenue. At the end of the tax period, the taxpayer shall independently calculate the size of the tax base and in the declaration represents a tax authority not later than the 20th day of the month following the expired tax period. In the same period, VAT is payable.

Tax rate:

1) at a rate of 0% is set in the implementation:

a) goods that are exported to the export customs regime;

b) work, directly related to the production and sale of goods;

c) precious metals taxpayers who carry out their production or manufacture;

g) supplies which are exported from the territory of the Russian Federation under the customs regime for conveyance of supplies;

2) 10% in the implementation of:

a) food products (livestock and poultry in live weight, seafood, pasta and cereals, bakery products, and egg products, dairy products and vegetables;

b) the goods for children (and knitted garments for babies, shoes, school supplies);

c) periodicals except publications advertising and erotic character;

g) medical products of domestic and foreign production;

3) 18% in all other cases.

Tax deductions are made on the basis of invoices, documents confirming the actual payment of the amounts of tax documents, which confirm the payment of tax withheld by tax agents.

Subject to deduction:

1) the amount of tax, the charges paid by the seller to the buyer and the seller in the budget of the sale of goods;

2) the amount of tax paid to the sellers in the budget amounts of advance payments against future deliveries of goods;

3) the amount of tax charged to a taxpayer by contractors during construction;

4) the amount of tax paid for travel expenses;

5) the amount of tax declared by the sellers to the taxpayer;

6) an alien who is not registered with the tax authorities of the Russian Federation.

The amount of tax payable to the budget, is defined as the total amount of tax minus the tax deductions. If deductions exceed the VAT, the tax amount in the tax period is equal to zero.

The tax authorities on their own to offset the amount of tax. After 3 months is not credited sum to be returned to the taxpayer in his written statement.