The tax service reminds about the deadline for submitting the VAT declaration

      The Office of the Federal Tax Service for the Kirov region informs all taxpayers of value added tax (VAT) about the approach of an important date. A VAT declaration for the first quarter of the current year must be submitted to the tax authority no later than April 25. In the future, the declaration will need to be submitted quarterly.

      Special attention should be paid to organizations and individual entrepreneurs applying the simplified taxation system (STS) for this period. If their revenue for 2024 exceeded 60 million rubles, they also became VAT payers and are required to file a declaration. This will be the first time for this category of taxpayers to submit VAT reports.

      The Tax Service notes that the declaration must be filled in according to the updated form. In particular, it includes new VAT rates of 5% and 7% specifically for those taxpayers on the USN whose income last year exceeded the established limit of 60 million rubles.

      The VAT declaration is submitted to the tax authorities at the place of registration strictly in electronic form through an electronic document management operator. The VAT tax period is a quarter. The tax accrued for the quarter is paid in equal installments over the next three months.

      The amount of VAT for the first quarter must be paid in three equal installments on the following dates: no later than April 28, no later than May 28, and no later than June 30.