What you need to pay VAT for
What you need to pay VAT for
The presence of the object of taxation is an important reason for the appearance of the obligation to pay tax. Operations on which it is necessary to pay VAT are determined by the Tax Code of the Russian Federation.
Value added tax is paid if the organization engages in one or more of the following activities:
- Implements goods, provides services orproduces works in Russia, including free of charge. For example, with a gift agreement, barter, a contract of compensation, when the buyer pays the goods in kind, etc. Proof of implementation of goods, works, services can serve as documents that confirm business transactions (contracts, acts, payment documents, etc.).
- Transfers goods (works, services) for own needs. For example, when an enterprise purchased kettles and coffee makers in its office.
- Performs construction and installation work for their own needs, that is, for themselves, by economic means without involving other organizations.
- Produces the import of goods from abroad.
You do not need to calculate and pay VAT when you write off property due to damage or theft.
In addition, VAT is not subject to treatmentRussian or foreign currency; interest amounts paid by the borrower; transfer of property to an assignee; the transfer of property as an investment deposit and a number of other transactions set out in Art. 146 of the Tax Code.
