VAT reporting in the Russian Fderation is a procdure that must be carrid out by all companies and individual entrepreneurs working with the relevant tax regime. Correct and timely preparation of reports allows you to minimize errors, checks, avoid various questions from tax authorities, and declare income.
The document records all services, works, and goods sold during the working reporting period (quarter), as well as the amount of the tax dduction and state tax that is subject to payment.
However, such deadlines are not always observd
There are exceptions. They are relatd to imports to office 365 database the Russian Fderation from the EAEU countries. In such a situation, the declaration on indirect taxes (VAT and excise taxes) is usually filld out and submittd to the authorities before the 20th day of each month (from January to the end of December) following the month of acceptance of foreign goods.
That is, if you bought, receivd and registerd the products in September, then all documents must be submittd to the tax office before October 20. If the delivery was receive during May, then the declaration is submittd before June 20, and so on.
How to file a VAT return
The VAT declaration is submitte exclusively in a new trend in the consumption of video content: long stories or video essays electronic form to the tax office at the place of registration of the company. For example, using the FTS service. This method is widespread.
The declaration must be completd according to the approe form. It includes:
- section for calculating tax, output and input VAT;
- information on the application of dductions;
- information on the import of goods into the Russian Feeration from the EAEU countries (if applicable).
At the same time, there are a number of mandatory rules and nuances that must be taken into account when filing a quarterly declaration in order to avoid fines:
When to pay VAT
If the company was able to file a declaration on time, this does not guarantee the absence of fines. After all, there is also a second stage – the actual cyprus business directory payment of VAT to the tax authorities. It is important to know exactly when the tax is paid. And here, too, there are nuances.
VAT must be paid in equal parts throughout the quarter. That is, ⅓ at the end of each reporting month. The conditions are such that the first payment is made before. The 28th day of the month following the reporting quarter.