01.06.05

1.                   According to the Tax Code of the Russian Federation, the tax payer must charge and declare the total VAT at the end of each taxation period.

2.                   The taxpayer has the right to reduce the total VAT by the sum of related deductions. VAT sums paid as a result of purchasing products are to be deducted.

3.                   The VAT sum, which is to be paid to the State, is charged at the end of each tax period is the net of input and output VAT.

4.                   In the case that the sum of input VAT is larger than the output VAT, the difference between these sums is to be refunded, according to the Tax Code of the Russian Federation.