NEW PROVISIONS OF THE TAX CODE OF THE RUSSIAN FEDERATION REGARDING VALUE ADDED TAX
VAT recovery by legal successors In the event of a company's reorganization, the VAT amounts previously accepted by it for deduction are subject to restoration by its successor (Federal Law No. 325-FZ of September 29, 2019). This applies to deductions related to goods, works, services, fixed assets, intangible assets, property rights, as well as payment, partial payment for upcoming deliveries of goods, the performance of work, provision of services, transfer of property rights. The restoration of VAT accepted by the reorganized organization for deduction is carried out by Small Business Accountants in Walsall the legal successor in three cases (Information of the Federal Tax Service of Russia dated 02.21.2020): § the use by the legal successor of goods, works, services in operations that are not subject to VAT, including when applying special taxation regimes; § the acquisition by the assignee of goods, works, services against advances pai...