Price Reduction for Defective Goods Must Account for VAT, Supreme Court Rules

• The proportional reduction in the price of substandard goods must take VAT into account.
• Reduced land tax rates do not apply to plots acquired for individual housing but used for business.
• Taxpayers can deduct VAT paid on goods imported for warranty repairs, even if received free from a foreign supplier.
• Failure to provide bank secrecy information to tax authorities, if not following legal procedures, does not constitute an administrative offense under Article 17.7 of the Administrative Code.

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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