- The moment of restoring advance VAT is determined by the date the buyer accepts the goods, not when they are accounted for
- The buyer is responsible for restoring VAT from advance payment in the tax period when the seller shipped the goods against that prepayment
- This rule applies even if the seller shipped the pre-paid goods in one quarter and the buyer accepted them in the next
Source: glavkniga.ru
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Russia"
- Russia Proposes VAT Hike to 22% and Lower Registration Threshold in 2026 Budget Draft
- Russia Approves VAT Exemption for Banks on Precious Metals Deposits and Related Transactions
- VAT Refund Court Practice Development Without Sales Realization in Russia
- Russian Court Rules on VAT Deductions Without Invoices in Otis Case
- Russia Proposes VAT on Foreign E-Commerce Sales to Russian Consumers
