Information for
accounting

For a Russian organization that has used the instrument for the return of a foreign VAT paid under the laws of foreign countries, the entire amount due to be returned will be non-operating income of this organization (article 250 of the Tax Code of the Russian Federation), which will be recognized for tax purposes at the time of actual receipt of funds (subparagraph 2 of paragraph 4 of article 271 of the Tax Code of the Russian Federation). Non-sales income is not subject to VAT in Russia.