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VAT FOR TOUR OPERATORS MAY BE CANCELED IN THE NEAR FUTURE

The draft law on the abolition of VAT for tour operators may be submitted to the Russian Government in the near future. This is reported by TASS with reference to a source. According to the news agency, a conclusion from the GPU (State Legal Department) is now expected. It is assumed ...

THE SUPREME COURT OF RUSSIA: A PURCHASE FROM BANKRUPT DOES NOT DEPRIVE OF A RIGHT TO DEDUCE VAT

The company acquired the goods from the bankrupt company, and after that, when calculating the VAT, deducted the amount of tax that was charged when purchasing the goods from this counterparty. At the time of signing the agreement, the seller had already been declared insolvent, and bankruptcy proceedings were opened. The ongoing tax audit revealed ...

THE TAX CODE WILL BE SUPPLEMENTED WITH THE CONCEPT OF THE DIGITAL RUBLE

Amendments to the Tax Code of the Russian Federation provide for VAT exemption for the processes accompanying the creation and maintenance of a digital ruble account, as well as transfers in digital currency. In the first reading, the State Duma approved amendments to the Tax Code. It will introduce such a concept ...

EXPERTS POINTED OUT THE NECESSITY OF BUSINESS AND MINISTRIES’ PARTNERSHIP

... on a pair of shoes, but in Andrey Pavlov's company, everything is written "from a to z", including the funds spent on labeling, online cash registers, etc. According to the speaker, the whole country should work in the same tax regime with VAT. Speaking specifically about the problems of the footwear industry, Pavlov said that over the past year, 140 million pairs of unmarked shoes were illegally imported into Russia. At the same time, customs officials and security officials claim that ...

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