The Tax Service has prepared methodological recommendations for organizations and individual entrepreneurs using the simplified taxation system (STS), who will become VAT payers from 2025.
The Federal Tax Service has considered various life situations and provided action algorithms for taxpayers, pointing out the key moments to which attention should be paid. The payers using the simplified taxation system can find answers to the following questions:
These recommendations will help taxpayers using the simplified taxation system make a smooth transition to VAT and avoid possible errors and misunderstandings.
Documents: Information from the Federal Tax Service of Russia (https://www.nalog.gov.ru/rn77/news/activities_fts/15317862/)
The Federal Tax Service has considered various life situations and provided action algorithms for taxpayers, pointing out the key moments to which attention should be paid. The payers using the simplified taxation system can find answers to the following questions:
- When does the obligation to calculate and pay VAT arise and when is there no such obligation?
- How to determine whether the income limit of 60 million rubles has been met?
- How to pay VAT on continuing contracts concluded until 2025?
- What VAT rate can be chosen?
- When to apply settlement rates?
- What are the transitional provisions for input VAT and when should it be restored?
These recommendations will help taxpayers using the simplified taxation system make a smooth transition to VAT and avoid possible errors and misunderstandings.
Documents: Information from the Federal Tax Service of Russia (https://www.nalog.gov.ru/rn77/news/activities_fts/15317862/)