What is the percentage of VAT in Russia in 2014

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Before registering their own business with the relevant authorities, beginning entrepreneurs often ask themselves the question of how much VAT is in Russia. This abbreviation stands for value added tax. They are subject to business objects engaged in the production and sale of goods, as well as the provision of services.

VAT forms a kind of buffer, providing for an additional market value of the goods produced by the enterprise. Its calculation is based on the ratio of the initial and final prices. It was introduced in order to avoid multiple tax collection directly from the same value.

Interest rates

VAT is charged for the sale of products and services to companies that operate in the territory of the Russian Federation. As for foreign counterparties, as well as legal entities and individuals residing in other states, completely different settlement principles are provided for them. The table shows how many percent of VAT can be charged to citizensRF.

Bid	Conditions
0%	Applicable to enterprises engaged in the manufacture of goods that are intended for sale in other countries. The tax service can cancel contributions if the IFTS had the relevant documents.
10%	In the legislation there is a clause on the exemption of medical and children's products from taxes. However, there are categories of goods that are taxed at this rate. What percentage of VAT must be paid by manufacturers of such products can be specified in the lists of regulations.
18%	If the manufactured products do not fall under special benefits, then the tax is paid in the standard amount. This percentage is charged from most individual entrepreneurs and organizations.

Order of listing

It doesn't matter what percentage of VAT will be charged in each case when it comes directly to payment. The procedure for contributions is the same for everyone. For counterparties that received income in Russia, a period of possible funds transfer is provided, which lasts until the 25th day of the month, which follows the reporting quarter.

Each such payment is an advance payment. Its amount is one third of the total contribution. That is, the tax accrued for the year is divided into parts. Therefore, payment must be made every four months.

If the goods were imported, then the accrued amount can be repaid the next month after importation (no later than the 20th day).

Calculations on a specific example

If you know what percentage of VAT in Russia is levied on entrepreneurs and commercial organizations, it is not difficult to make calculations. For example, there is a company that sells clothes at retail. First, she must find partners who supply products to the market in bulk.

Let's say she orders 10 jackets from them for a total of 150,000 rubles. A rate of 18 percent applies to this category of goods. You can make calculations as follows: 150,0000, 18=27,000 rubles. It is this amount that will appear on the purchase invoice. However, it may be deductible. The supplier will pay it to the budget.

Important changes

Some edits have been made to the VAT documentation. How many percent in 2013 will have to pay for services related to customs clearance of goods, Russian companies have become aware. They began to be taxed at the rate of 18 percent.

Make documentation allowed directly in electronic form. Specific electronic formats were clearly approved. This method of reporting enables taxpayers to freely submit primary documentation to the relevant authorities.

In accounting, sometimes there are difficulties with the calculation of tax when a foreign enterprise signs a contract with a price in foreign currency orconventional units, and the terms of payment are specified in rubles. A separate case is the circumstances under which an advance payment for the goods was made.

Before this, the calculations were made as follows. If it is reflected in the contract that the supplied products are paid for in rubles, then the transaction amount is calculated at the official rate established on the day the funds are transferred. Now the determination of the tax base is carried out earlier. The date of shipment of the delivered goods or the day of payment for the upcoming delivery is taken as the basis.

Reporting

Declaration can be submitted to the tax authorities when visiting the institution in person, as well as by e-mail or regular mail. If the latter option is used, then the reporting date will be the one that was at the time of departure. For example, if you send a letter on the 21st, there will be no pen alties, even if it arrives late at the institution itself.

When filing a declaration, certain rules must be followed.

1. Documents must be sent to the inspection of the region in which the organization is registered.
2. If the number of employees in the company exceeds 100 people, then it is necessary to submit a declaration only in electronic form.
3. There is no need to submit separate documentation for a separate division, since reporting is carried out throughout the organization.
4. Intermediaries who issue (receive) invoices on their own behalf and are not classified as taxagents should send only a logbook to the tax office.

Object of taxation

To keep track of how many percent of VAT is established by Russian law, first of all, persons who perform the following operations will have to:

• sale of goods;
• import of products to the territory of the Russian Federation;
• construction and installation work for personal consumption;
• provision of various services.

As a conclusion

People doing business should be aware of VAT rates anyway. How many percent of services and goods introduced by the Russian government at the present time, not everyone knows yet. However, in the conditions of modern life, it can always come in handy. Throughout the time, people have to do business related to the provision of consumer services and the sale of goods.