Rent of state property imposes additional obligations on the taxpayer - 24 September 2011

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15:29 Rent of state property imposes additional obligations on the taxpayer
During the lease of state property tenants pursuant to paragraph 3 of Article 161 of the Tax Code, a tax agent for the value added tax. Therefore, these persons are obliged to calculate VAT and keep it out of its revenues to pay the landlord and the state budget. On the issue of lease of state property in a recent letter number ED-4-3/14814 of September 13, 2011 expressed the Federal Tax Service. Office explained that the transfer of value added tax should be the tenant in equal installments every month, including quarterly fiscal period that follows the period, based on which VAT chargeable. Let us consider in more detail the issue of lease of state property On the basis of paragraph 1 of Article 174 of the Tax Code, VAT on commercial transactions, recognized the object of taxation shall be transferred to the budget in equal installments not later than the 20th day of the month following the quarterly estimated tax period. Recall that this procedure does not apply to a number of taxpayers who are listed in paragraph 5 of Article 173 of the Tax Code. Therefore, in the case of a lease of state property entity or individual entrepreneur and are not subject to the above categories, the tenants are required to pay VAT in equal installments over three calendar months that follow the estimated tax period. Note that the term of payment of VAT is limited to 20th of each month. Also in the case of a lease of state property taxpayers have the right to use the tax deduction. The condition in this situation would be that room, which rents the taxpayer in the state, used to carry out economic transactions subject to VAT. This is stated in the current tax law, paragraph 3, Article 171 and paragraph 1 of Article 172 of the Tax Code. Recall that only after the adoption of renting state property records, the taxpayer is entitled to claim the VAT amount listed to the residue. Along with these taxpayer must have in their primary accounting documents - invoices. The right to deduct from the organization or individual entrepreneurs arises in the tax period, which listed the amount of VAT.
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