- The Russian Ministry of Finance proposes changes to VAT calculation after contract signing.
- The draft law amends Article 168 of the Tax Code to comply with a Constitutional Court ruling.
- If legislation changes after a contract is signed and the buyer cannot deduct VAT, the supplier will calculate VAT based on the contract price using a special method.
- In such cases, an invoice will not be required.
- The amendments are expected to take effect one month after official publication, but not before the next VAT period.
Source: garant.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.
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