The Tax Code of the Russian Federation has given companies the right to make an accelerated VAT refund. However, in practice problems arise with this.
Most often it is necessary to refund VAT received in the following cases:
- Where there are technical errors in a declaration relating to the calculation of VAT;
- If, based on the results of a desk audit, the tax authority disputes the right to VAT refund;
- If the said deductions are obtained in transactions with technical organizations or are obtained as a result of the formation of "complex" breaks in the VAT chain.
The Financial Director magazine published an article in which Tax Compliance junior tax consultant Anton Kulakov told about the three most frequent reasons for refusal to refund VAT.
The full text of the article is available here.
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