Provides for the entry into force of 1 January 2016. The law applies to VAT refunds on tax returns submitted for tax periods starting from the first quarter of 2016.
MOSCOW, 22 Dec. The state Duma on Tuesday adopted in the second and final third readings the law, improving the declarative order reimbursement of value added tax (VAT).
The document was developed by the Ministry of Finance. Changes to the Tax code.
The law gives the right to the declarative procedure of reimbursement of VAT without giving it to the tax authorities a Bank guarantee to a wider range of taxpayers compared to current procedures. In particular, is reduced from 10 billion rubles to 7 billion rubles threshold according to the total amount of taxes paid for the three calendar years preceding the year in which the application is submitted on the declarative procedure for VAT refund.
The second reading was moved the period of validity of the law. Now provided for its entry into force on 1 January 2016, but not 2017, as was the case in the first reading.
In addition, it is specified that the law applies to VAT refunds on tax returns submitted for tax periods starting from the first quarter of 2016.
In financial and economic justification States that the bill “will lead to the loss of Federal revenues in the first tax period after its entry into force in the amount of about 6.6 billion rubles.”