Deduction of VAT amounts from prepayments is made by the buyer in the tax period in which the amounts of tax on purchased goods (works, services), property rights are subject to deduction, or in the tax period in which the conditions were changed or the contract was terminated and the prepayment amounts were returned.
Source: garant.ru
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
