In practice, the decision on the need for your organization to switch from the general taxation regime to the simplified tax system should be balanced, since VAT will have to be restored. However, questions about how to calculate the amount of VAT that are subject to recovery do not dry out.
Necessary
balance
Instructions
Step 1
The VAT recovery procedure must be carried out in the tax period that necessarily precedes the transition to “simplified”.
Step 2
According to the general rule, which is used in relation to goods (services, works), as well as property rights, the amount of VAT should be restored in the amount that was previously accepted for deduction. As for intangible assets and fixed assets, it is necessary to recover the VAT amounts in the amount proportional to their book (ie residual) value, without taking into account the revaluation.
Step 3
When switching to special tax regimes (to a simplified taxation system), the organization is obliged to restore VAT on the balance of goods and on the residual value of intangible assets and fixed assets.
