Tax on barter transactions
When taxation of profits in case of set-off of mutual claims no singularities there. If the organization uses the accrual method, the special operations in the tax accounting conduct is not necessary. With cash basis earnings reflect the retailer is on the day of repayment netting (Section 2, Art. 273 NC). This rate should be taken into account in the amount credited to the debt of the taxpayer to the counterparty.
VAT on netting has its own peculiarities. In accordance with the rules provided for in paragraph 4 of Article 168 of the Tax Code, the amount of tax, bringing the buyer of goods, is paid to the taxpayer on the basis of the payment order to transfer funds. Otherwise, the organization is not eligible for the deduction of VAT. This procedure though not provided directly to Chapter 21 of the Tax Code, but follows from the principle of filling in the VAT declaration. So, fill line 240 of section 3 can be used only if the tax is listed on the basis of the payment order. Ministry of Finance in a letter dated May 24, 2007 № 03-07-11/139 confirmed that the organization can get a deduction only if the transfer tax to the counterparty "live" money.
The amount of tax imposed on the taxpayer to the buyer of goods, the seller must be paid on the basis of the payment order to transfer funds in carrying out barter transactions, tests of mutual claims, when used in the calculations of the securities.
In the case of pre-supposed to settle on the difficulties would not arise, we need only consider the nuances in the VAT. In the reverse situation, when a variant of calculation had to apply sudden, and organizations have already, take the property to the account, use less, they will have to recover the amount of "input" VAT previously claimed for reimbursement.