October 14, 2014

Amendments to the Law on VAT

The Ministry of Finance initiated amendments to the Law on VAT to allow taxpayers to deduct the input VAT even if the payment for goods or services is deferred, provided that other conditions of deductibility are met. This amendment is expected to become effective on January 1, 2015 and its application will first extend to small businesses but will gradually expand to cover all taxpayers by January 1, 2017. Even before that date the taxpayers will be able to deduct the input VAT if a financial institution (factor) agrees to pay the supplier of goods or services in exchange for the account receivable.

The amendments also provide for elimination of paper VAT invoices and their total replacement by electronic documents.

Disclaimer: The content on this page is for general informational purposes only and should not be relied upon as legal, financial, or professional advice. While we strive to ensure accuracy, the information may be incomplete, outdated, or subject to change without notice. Readers should consult a qualified professional before making any decisions based on the content provided. We do not accept any responsibility for errors, omissions, or outcomes related to the use of this information.

Contact Us for Assistance

Whether you have a specific concern or just need some preliminary advice, our team is here to help. Fill out the form below, and one of our experts will reach out to you shortly. No strings attached, and absolutely free.

Contact Us

Prefer to talk instead? Click the button below to book a free call with one of our experts at a time that works for you. 

Your Privacy Matters to Us
Rest assured, any information you provide will be treated with the utmost confidentiality. We firmly believe in the principle of data privacy. That means we will not sell, rent, or lease our contact lists to any third party, and your personal details will never be handed over to individuals, government agencies, or companies.

What Clients Say

Why Choose Us


Decade of Excellence

Over 10 years of specialized experience in immigration and business setup.


Tailored Solutions

Our team of locally licensed, English-speaking attorneys specializes in immigration, incorporation, and compliance matters, providing bespoke legal strategies for each client.


Fast & Fluent Communication

We prioritize your concerns with a 24-hour response policy and communicate effectively in both English and Russian.


Client-Centered Approach

At Vardanyan & Partners, client care is paramount. Our emphasis on honesty and transparency ensures that you are always informed and confident in your legal journey.


Secure Transactions

Benefit from our secure online payment system without the worry of hidden charges.


Reputable & Reliable

Established in 2012, Vardanyan & Partners has built a reputation for excellence and reliability. With our team, you are not just hiring attorneys; you are partnering with insured legal experts committed to your success.

>