Article describes a procedure of payments of the sums of the budgetary compensation of the VAT. Definition of the tax periods, the period of emergence of negative value is made.
The Balans-Agro newspaper comment to GNAU letter from 17.07.08 No. 4403/7/23-2017/602 About letter consideration (Checks of reliability of the budgetary compensation – an edition).
We remind that since 2008 the procedure of payments of the sums of the budgetary compensation of the VAT changed. Namely – a negative difference between the sum of the tax obligations and the tax credit last reporting periodov which wasn’t extinguished by the tax obligations of the reporting period:
• till 01.01.08 – was subject to compensation within the sum paid to suppliers in the previous (one) tax period;
• after 01.01.08 – is subject to compensation within the sum paid to suppliers in the previous tax periods (subitem 7.7.2 of the Law on the VAT).
While Methodical recommendations about calculation of the sums of the budgetary compensation prepare, GNAU gives to taxing authorities on instruction places on the questions arising at carrying out checks of reliability of the budgetary compensation, declared after 01.01.08. Here their essence:
• As the tax periods are understood not only the periods after 01.01.08, but also the periods till 01.01.08 taking into account terms of limitation period.
• The tax credit of the previous periods, since the period of emergence of negative value is subject to check and confirmation by counter checks and information references. We remind that the periods of emergence of negative value are deciphered in column 2 of the appendix 2 to the declaration.
• Negative value of the previous reporting periods is investigated about understating of the sum of the budgetary compensation and existence of the right of the payer on receiving the budgetary compensation.