- According to the tax legislation, VAT amounts taken as deductions for real estate objects must be restored if the objects are used for non-taxable operations.
- The restored tax must be reflected in the tax declaration for the last tax period of each calendar year for a period of ten years starting from the year the object was put into operation.
- If a property has undergone reconstruction and more than ten years have passed since the depreciation with the changed initial cost of the property, the taxpayer is not required to restore the VAT amounts taken as deductions for that property.
- This clarification was provided by the Department of Tax Policy of the Ministry of Finance of Russia.
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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