Taxes, fees and reporting in October: main changes

From October 01, 2024, it will be necessary to use updated forms of invoice and adjustment invoice.

In particular, column 14 has been added to the tabular section of these forms, where the cost of the traceable goods excluding VAT is indicated.

The government has also made changes to the rules for filling out forms, for example:

• Clarified the procedure for filling out line 5 of the invoice when purchasing works or services in Russia from foreign persons who are not registered in the Russian Federation. The tax agent must indicate the number and date of the payment document.

• Specified how to fill out a correction invoice when the price of goods being traced changes. In particular, the data from column 14 of the invoice must be transferred to column 14 of line A (before the change). The new value of the traceable goods, excluding VAT, must be entered in line B (after the change).

Changes in the reflection of information on the traceability of goods also affected the rules for maintaining purchase and sales books.

In August, significant changes were made to the Tax Code of the Russian Federation, including a clarification of the list of transactions exempt from VAT.

Among such changes is the allocation of solid municipal waste management services to a separate sub-item of the list. This change comes into effect on October 01, 2024.

The Federal Tax Service has developed a special code to reflect the new transaction in Section 7 of the VAT tax return – 1011232.

Tax officials explained that the code could be used until changes were made to the table of transaction codes, which is part of the tax return filing procedure.