Tax on value added tax

This section briefly reviews the essential elements most often associated taxes and charges payable by taxpayers, the general tax treatment. For a more detailed study of taxes and fees must apply directly to the text of the Tax Code and related statutes.

VAT

Value Added Tax (hereinafter - VAT) is a form of exemption in the budget of the value added at all stages of production (works, services). VAT is an indirect tax, included in the price of goods (works, services), that is, the tax actually paid by the final consumer.
VAT taxpayers are recognized:

    organization;
    individual entrepreneurs;
    persons associated with the movement of goods across the customs border of the Russian Federation.

Exempt from the obligations of the taxpayer organizations and individual entrepreneurs, if during the previous three consecutive calendar months of revenue from the sale of goods (works, services) excluding VAT does not exceed in the aggregate one million rubles. In this release is of notification and provided for 12 months.
Exemption does not apply to taxpayers that implements the excisable goods during the preceding three calendar months, as well as in connection with the importation of goods into the customs territory of the Russian Federation.

For transactions not subject to VAT, the implementation is:

    medical equipment and medical supplies, medical services (excluding cosmetic, veterinary and sanitary not funded from the budget) on the special list;
    care for the sick;
    services of children in preschool institutions;
    food produced tablespoons educational institutions, medical institutions, kindergartens in the case of full or partial funding of these institutions, organizations and institutions at the expense of budget funds or fund of obligatory medical insurance (HIF);
    services for the transportation of passengers urban passenger transport (except taxi), as well as sea, river, rail, road, commuter passengers in case of providing benefits, duly approved, and other statutory activities.

Subject to VAT

The tax base of VAT is defined as the value of these goods (works, services), calculated at market prices taking into account the excise taxes (for excisable goods) and without inclusion of the tax.

    Moment of determining the tax base for VAT is:
    for taxpayers approved the accounting policies as the shipment - the day of shipment (transfer) of goods (works, services);
    for taxpayers approved the accounting policies upon receipt of funds - the day of payment of shipped goods (works, services);
    in cases where the goods are not shipped or transported, but there is a transfer of ownership of these goods - the moment of transfer of ownership;
    when implemented on a grant basis - the day of shipment (transfer) of goods (works, services);
    in export sales - the last day of the month in which assembled a complete package of documents provided.

The tax period for VAT is the calendar month. But for taxpayers with monthly amounts during the quarter, revenue from sales of goods (works, services), excluding tax, not exceeding one million rubles, the tax period - quarterly.
The tax rates for VAT:

    0% - for goods (works, services) listed in paragraph 1 of Article 164 of the Tax Code;
    10% - sale of goods listed in paragraph 2 of Article 164 of the Tax Code, including:

    some food products,
    some products for children,
    medical products on special lists,
    periodicals, not of an erotic or advertising,
    book products connected with education, science and culture;

    18% - in other goods, works and services;
    10/110 18/118 and - the estimated rate in obtaining funds, accounted for VAT (when receiving the advance payment for the supply of goods, works and services, implementation of which is subject to VAT).

The amount of tax payable to the budget, calculated at the end of each tax period and is generally equal to the difference of VAT received from the buyer, and the VAT paid to the supplier.
VAT is paid at the end of each tax period (month or quarter) based on the actual sale of goods (works, services) no later than the 20th day of the month following the expired tax period in place of the taxpayer with the tax authorities. The taxpayer must provide tax returns for the form approved by the Order of the Finance Ministry from 03.03.05 № 31n no later than the 20th day of the month following the expired tax period.
The terms and procedure for payment of VAT when importing goods into the customs territory of the Russian Federation shall be established by the customs legislation.
VAT is credited entirely to the federal budget.
Other issues related to VAT, should be studied directly in the text of the Tax Code and related statutes.

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