Signifi cant changes were made to the Accounting Regulations 1/2008 “Accounting policy of an organization” in 2017. According to them, organizations, fi rst of all, must comply with the requirement to observe not the reliability of reporting, but to ensure the quality of reporting when keeping records. In the article the author considers the concept of reporting quality.
The article was received on May 4, 2018
The “AO” organization (joint-stock company) acquires real estate (a building and a land plot) for its subsequent transfer to the equity capital of the newly founded “OOO” (limited liability company) under the purchase and sale agreement. The article deals with the accounting and taxation of this transaction when the organization uses the general taxation.
The article was received on April 27, 2018
In 2018, the organizations signed an agency agreement for the utility payments. According to the terms of the agency agreement, one of the organizations has the right to issue the invoice to another organization to recharge the cost at the end of the month. Agency fees under the terms of the agreement are stated in a fi xed amount and transferred to the settlement account simultaneously with the sum for the purchase of utility services. The article examines the legal and tax implications of this agreement, as well as the specifi cs of processing documents.
The article was received on April 27, 2018
According to the decision of the Supreme Court of the Russian Federation, the joint-stock company wasn’t entitled to acquire the ownership of the disputed property. The reason is that the disputed property commissioned in 1993 was not included in the privatization plan and transfer act, as it turned out later, and is not part of a single property complex transferred in the process of privatization in 1994, when the joint-stock company was created as a result of the transformation of the state (municipal) enterprise. The court concluded that the joint-stock company is not the owner of the disputed property, which actually remained in federal ownership, while all these years the property was on the balance of the company. The article considers the accounting and tax treatment of the consequences related to the decision of the Supreme Court of the Russian Federation.
The article was received on April 27, 2018
The Company is not related to small and medium business, as it does not meet the criteria stated in subparagraph 1.1. (a) of paragraph 1 of Aricle 4 of the Federal Law No. 209-FZ of July 24, 2007 “On the Development of Small and Medium-Sized Enterprises in the Russian Federation” on the total share of legal entities that are not subjects of small and medium-sized businesses, which should not exceed 49%. The company plans to redistribute shares in the authorized capital to meet the criteria and become related to small and medium businesses. In the article the author gives answers to questions concerning the redistribution of shares.
The article was received on April 27, 2018
The newly created organization, which is planning to use simplifi ed tax system, will be engaged in the development of space-planning and interior design in houses for individuals, as well as deliver imported building materials to individuals for its implementation. In the article the author considers the need to use cash registers, as well as what agreements should be concluded with individual clients.
The article was received on April 27, 2018
A legal entity rented an apartment from an individual and provided it for temporary use to its employee for free. The employee belongs to persons to whom the organization is entitled to transfer property for free use. The obligation to provide the employee with a residential accommodation is not stated in the employment contract and any local acts of the organization. However, the provision of housing to out-of-town employees is indicated on the website where the organization’s vacancies are located. The lessor specifi es a fi xed rent, which includes utilities, in the agreement with an individual. An individual is not registered as a sole proprietor. In the article the author assesses the tax risks related to the payment of personal income tax by the employee and the payment of VAT and insurance premiums by the organization.
The article was received on April 27, 2018
An agreement for the technological connection services between the executing organization and another Russian organization has been concluded. The Customer did the advance payment in favour of the Contractor, from which the last calculated VAT and paid to the budget. Services were rendered partially, and then an agreement was made to replace one Customer — the party of the agreement — by another, to which all rights and obligations are transferred under the agreement. In the article the author answers the question, whether the deduction of VAT on the original advance payment until the moment of rendering services to another Customer is lawful.
The article was received on April 27, 2018
The subsidiary company has an obligation to the creditor under an interest-free loan agreement for a period of 10 years, which has already expired and the agreement does not have option of prolongation. The creditor does not lay his claims. The parent company wants to transfer the property for the amount of the existing debt in the form of cash to the “OOO” (Limited Liability Company) free of charge. In the article the author considers the issues of accounting and tax accounting in this situation.
The article was received on April 27, 2018
Some changes have been made to Chapter 21 of the Tax Code of the Russian Federation concerning ferrous and non-ferrous scrap metal since January 1, 2018. However, scrap of any metals can contain precious metals. In the article the author answers the question whether the sale of scrap containing precious metals (sale, in particular, of equipment and other inventories containing precious metals to be written off , unless the bank and other organizations act as buyer) is exempt from VAT in accordance with subsection 9 of clause 3 of Article 149 of the Tax Code of the Russian Federation.
The article was received on April 27, 2018
The Russian organization, that uses general taxation, concludes an interest-free loan agreement on a permanent basis with a subsidiary company, also a Russian organization using simplifi ed tax system. Conclusion of agreements is necessary for the construction of a business center, since the subsidiary company does not have its own funds. The transaction does not have the status of controlled, but it is a transaction between interdependent organizations. In the article the author reveals the tax risks for the parent organization when concluding an interest-free loan agreement with a subsidiary company.
The article was received on April 27, 2018
Consumers are given a subsidy from the federal budget on the basis of the Government Decree of the Russian Federation No. 634 of May 25, 2017 to compensate for part of the cost for production and sale of pilot batches of means of production. The amount of VAT was accepted by the organization for deduction when purchasing goods, works, services for the manufacturing of these means of production. When calculating the subsidy, the costs were taken into account without the VAT claimed by the suppliers (based on the primary documents and invoices submitted by the organization). In the article the author answers the question about the need of VAT recovery, taken for deduction for goods, works, services used for the manufacturing and sale of pilot batches of production means to consumers.
The article was received on April 27, 2018
