of February 24, 2012 No. 5531/7/15-3417-03
(Endurance)
'...' According to item 198.4 of Art. 198 of the Section V of the Code if the taxpayer acquires (produces) goods/service and non-current assets which intend for their use in transactions which are not the taxation object or are exempted from the taxation, then the tax amounts paid (added) in connection with such acquisition (production) do not belong to the tax credit of the specified payer.
And therefore the VAT amounts added (paid) during acquisition of landing material, agricultural machinery and other means for cultivation, collection and production of scion which transactions on delivery are exempted from the taxation of the VAT (the item 23 of subsection 2 of the Section XX of the Code) cannot be included in structure of the tax credit as such goods (services) are held for use in the transactions exempted from the taxation.
Vice-chairman A. Ignatov
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system
If you cannot find the required document, or you do not know where to begin, go to Help section.
In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.
You also may open the section Frequently asked questions. This section provides answers to questions set by users.