Instruction

1

In order to charge

**VAT**on**the amount**of completed LABOR, determine the tax rate that applies to your organization. Legislation of the Russian Federation there are three rates**of VAT**: 18%, 10% and 0%. Most often used rate of 18%. A reduced 10% rate applies to certain food and children's goods. A zero rate is used when exporting.2

To charge

**VAT**on a particular**amount**means to increase its tax rate. To do this, first determine**the amount**of the tax in monetary terms. Multiply**the amount**of LABOR to implement the tax rate (in decimal terms). For example, the value of 18% tax from the sum 200 000 rbl. the formula is:200 000 × 0,18 = 36 000 (RUB)3

To sum, implementation add the calculated

**amount**of tax. 200 000 + 36 000 = 236 000 (RUB.)4

Similarly, you can charge

**VAT**on**the amount**in one step. To do this, multiply**the amount**of realization on the value of (1 + tax rate) in decimal expression. Using the numbers from the example, you will get the same result:200 000 × 1,18 = 236 000 (RUB)5

Accountants often need to do the reverse operation — select

**VAT**from the amount. Knowing the current rate of tax to do need calculation is quite simple. For this final**amount**divide by the value (100 + tax rate) and multiply the result by the tax rate in absolute terms. For example, to highlight a 18%**VAT**of $ 300 000 RUB, make the calculation according to the formula:300 000 / (100 + 18) × 18 = 45762,71 (RUB.)Note

Characteristics of the tax, the procedure for its payment, the payer 21 established a Chapter of the Tax Code of the Russian Federation.

Useful advice

Of the amount obtained by the calculation of the tax may have on the end of a long decimal tails. They should be rounded to cents according to mathematical rules.

# Advice 2: How to allocate VAT

**VAT**, or tax on added value, is one of the major mandatory fees that are paid to the budget, the taxpayers are on the common system of taxation. The object of taxation is the sale of goods, works and services in the country. Interest rates on

**VAT**differentiated set by the Tax code of the Russian Federation. Taxpayers are constantly faced with the need to allocate the

**VAT**in the accounts.

Instruction

1

In order to select

•

•

**VAT**, you should decide with the principal amount. In this situation two options are possible:•

**VAT**included in the amount, in this case, you have to extract**the VAT**out of it;•

**VAT**is not included in the amount, in this case, need to charge**VAT**on it.2

To select

**VAT**from the amount you need to divide the sum by (100+tax rate) and multiplying on the tax rate. The result is rounded according to mathematical rules to cents. For example, you must select**VAT**from 250 000 RUB., the rate of**VAT**is 18%. 250000 / 118 * 18 = 38135,60 (RUB.)3

To charge

**VAT**is somewhat simpler. In this case, we need to multiply the amount to which it is necessary to charge**VAT**on the tax rate (in decimal terms). The result will be the amount of tax which also should be rounded. For example, it is necessary to charge**VAT**in the amount of 138 000 rbl., the tax rate is 10%. 138000 * 0,10 = 13800 (RUB)4

If you multiply the amount you want to charge

**VAT**, of (1+the tax rate in decimal terms), the resulting amount will already include the tax. Using the data of the last example, will get the final result:138000 * 1,10 = 151800 (RUB)