The list of taxpayers eligible for VAT and excise duty refunds has been expanded.
A public discussion of the draft order of the Federal Tax Service of Russia "On the approval of the forms of documents used in the declarative procedure for refunding value added tax (excise) during tax monitoring, as well as the form and format for submitting an application for the declarative procedure of refunding value added tax (excise)".
This is reported on the official website of the Federal Tax Service of Russia https://www.nalog.ru.
From July the 1st of 2021, tax monitoring participants will be eligible for VAT and excise tax refunds on an application basis. Taxpayers will be able to exercise this right without providing a bank guarantee or a surety agreement. Moreover, the period for exercising one's right has been increased from 5 days to 2 months from the date of filing a tax return.
The legality of the tax refund will be checked within the framework of tax monitoring without conducting a desk tax audit. If in the future the tax refund is recognized as unjustified, then the organization of the excessively refunded tax amount with the interest accrued on it will be carried out at the one-time refinancing rate of the Bank of Russia.
To standardize the interaction of taxpayers with tax authorities, an application form has been developed for the application of the declarative procedure for refunding value added tax (excise duty), as well as the format for its electronic submission to the tax authority. Anyone can join the discussion.
In this regard, the Moscow Region Business Ombudsman Vladimir Golovnev recalled that entrepreneurs claiming VAT refunds should be aware that considering this issue, the Federal Tax Service gets access to all the financial documentation of the taxpayer in order to confirm or deny the legality of the payment of the amount declared for the refund.
“Before claiming VAT, make sure that all financial documents you have are in perfect order, as the shortcomings revealed during tax monitoring can lead to a deep audit of the organization's activities. Unscrupulous managers, making claims against the state (demanding VAT refunds) unreasonably, will lose more than they gain. The tax service can also petition for the initiation of a criminal case on the fact of fraud, "Vladimir Golovnev recalled.
