The VAT rate in the Russian Federation

VAT stands for value added tax. Payers it is considered as individual entrepreneurs, organizations, and individuals who were recognized as subject to VAT because of the crossing of goods through customs of the Russian Federation.

All taxpayers should be required to register in the authorized body (tax inspection).

Foreign offices (organizations), which are on the territory of the Russian Federation some of its units, can independently select from one particular, the location of which will be registered (will be on the account in tax inspection) and will file the Declaration and pay the tax on all other units located on the territory of Russia. Foreign organizations are obliged in writing to inform the tax authorities about your choice of location all their organizations that are on the territory of our country.

VAT Rate in the Russian Federation

Rate of VAT may not be paid in case of exemption from the calculation and payment of tax subject to the following conditions – if for three consecutive months, the amount of total income from performed services, works or goods (but excluding tax) does not exceed a total of 2 million.

The Tax is imposed on the following transactions:

- when transferring the property rights, the implementation of any services, works, as well as the sale of goods;

- when passing on the Russian territory of goods, provision of services, as well as performing any works for personal use, the expenses are not deducted when tax is calculated on profits;

- when performing construction and erection works for own use;

-when importing goods to the customs office of the Russian Federation.

The VAT Rate does not apply to certain types of transactions that are not taxed.

In the calculation of the VAT established by the tax period is a quarter, this also applies to taxpayers who fulfill obligations of tax agents.

VAT Rate 2012 remains 0%, 10% and 18%.

At 0% taxed goods imported under the customs regime of export are placed in a free customs zone under the customs regime, as well as services and activities that are directly related to sale and production of such goods. Also rate from 0% taxable service of transportation of both passengers and baggage, but if the point of departure or destination of passengers are located outside the territory of the Russian Federation and transport of a common transportation documents of the international sample.

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The 0% VAT rate is present during the works, goods and services in the field of space activities. It also applies to goods, services or work of the official use of foreign diplomatic missions and equivalent to the construction of vessels which have registration in the Russian international register. Full list of goods taxable at the VAT rate of 0 % can be found in the first paragraph of article 164 of the Tax Code of the Russian Federation.

The 10% VAT rate in Russia is distributed at grocery, baby products, periodical publication, book, products associated with culture, science, education, and medical goods of domestic and overseas production. For a more complete list at the rate of 10 % can be studied in the second paragraph of article 164 NK the Russian.

In all other cases, apply the rate of 18%.

The VAT Rate of 10% and 18% is applied for goods imported to the Russian customs. In cases when, respectively, the tax code, the tax amount must be determined by calculation, determine the percentage tax rate to the tax base taken as 100 and increased by the appropriate tax rate.