Accounting financial accounting. Value added tax (most important)

Free technical library

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Accounting financial accounting. Value added tax (most important)

Lecture notes, cheat sheets

Directory / Lecture notes, cheat sheets

Comments on the article

Table of contents (expand)

17. VALUE ADDED TAX

The rules for calculating VAT are determined by Chapter 21 of the Tax Code of the Russian Federation.

taxpayers all organizations and individual entrepreneurs are recognized.

The object The following transactions are subject to taxation:

▪ sale of goods (work, services) on the territory of the Russian Federation, including the sale of collateral and transfer of goods (results of work performed, services provided) under an agreement on the provision of compensation or novation, as well as transfer of property rights;

▪ transfer of goods on the territory of the Russian Federation (performance of work, provision of services) for one’s own needs, expenses for which are not deductible (including through depreciation charges) when calculating corporate income tax;

▪ carrying out construction and installation work for own consumption;

▪ import of goods into the customs territory of the Russian Federation.

Taxable period (including for tax agents) is set as a quarter.

Taxation is made at a rate of 10% when selling certain types of food products, goods for children, periodicals, medical products of domestic and foreign production: medicines, including medicinal substances, including in-pharmacy production; medical products. In other cases, taxation is carried out at the tax rate 18%.

From January 1, 2006, all organizations switched to the accrual method when calculating VAT. In this regard, the right to choose an accounting policy for VAT purposes was canceled and the moment of determining the tax base for all taxpayers, as indicated in the amended Art. 167 of the Tax Code of the Russian Federation, occurs on the earliest date: on the day of shipment (transfer) of goods (works, services), property rights or on the day of receipt of payment (partial payment) on account of their supply (transfer). At the same time, specifics are established separately at the time of determining the tax base for the transfer of property rights. When assigning to new creditors who have received a monetary claim and transferring property rights or when acquiring a monetary claim, this is the day the claim is ceded, the corresponding obligation is terminated, or the day the obligation is fulfilled by the debtor; in the case of the transfer of rights related to the right to conclude a contract and lease rights, this is the date of transfer of such rights.

When implementing products (goods, works, services), in addition to the price of the services sold, the appropriate amount of VAT must be presented to the buyer for payment. The amount of VAT presented to the buyer is calculated for each type of these services or goods as a percentage of the indicated prices corresponding to the tax rate.

<< Back: Accounting for property and personal insurance settlements

>> Forward: Corporate income tax

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ Marketing. Crib

▪ Psychology of Personality. Crib

▪ Investments. Lecture notes

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

Cardio watch will report an attack 16.02.2014

Scientists position the device as a personal device that measures the deviation of blood pressure from the norm, pulse, and fixes the presence or absence of arrhythmia. When the device detects a critical situation, it sends messages to relatives and doctors using the built-in GSM modem.

It is reported that scientists are positioning the device as a personal device that measures the deviation of blood pressure from the norm, pulse, fixes the presence or absence of arrhythmia. When the device detects a critical situation, it sends messages to relatives and doctors using the built-in GSM modem.

"We want to create a device for continuous use, for example, in the form of a watch, a bracelet. This will allow us to "monitor" the state without any additional human actions for 24 hours a day," said the head of the development team, university teacher Dmitry Medvedev.

According to him, the advantage of the shape of the watch is that it is close to the radial artery, so in the lower part of the case you can place sensors that allow you to measure pressure and pulse, as well as an acceleration sensor - an accelerometer that allows you to "filter" motor activity, which gives an error in measurements. An information display will be located on the front side of the device.

According to Medvedev, the method of measuring the speed of propagation of a pulse wave, used in the development, needs to be improved. "We have to solve a number of problems, for example, to separate the useful signal when taking an electrocardiogram from the accompanying noise, because the signal-to-noise ratio during the measurement is very low," he said.

The press service specifies that scientists are going to create a working prototype within a year. The developers are also thinking about how to introduce the device into the healthcare system.

Other interesting news:

▪ Material with programmable self-destruction

▪ Etruscans and their cows

▪ Controlling waves in a magnet using superconductors

▪ Smart Nike sneakers are controlled from your smartphone

▪ Wrinkle cream kills skin

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ section of the site Riddles for adults and children. Article selection

▪ article by George Orwell. Famous aphorisms

▪ article How did the cards get their names? Detailed answer

▪ article by Ivan da Marya. Legends, cultivation, methods of application

▪ article Input amplifier-shaper of the frequency meter. Encyclopedia of radio electronics and electrical engineering

▪ article Electrical installations for special purposes. Electrical installations. Encyclopedia of radio electronics and electrical engineering

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews