Рус Eng During last 365 days Approved articles: 2053,   Articles in work: 307 Declined articles: 852 
Articles and journals | Tariffs | Payments | Your profile

Back to contents

Specificity of calculating interest in loans for the purposes of separate calculation of VAT
Osina Dina

Lecturer of Chair of Legal Theory and Comparative Law, Moscow State Institute of International relations (MGIMO-University) of the Ministry of Foreign Affairs of the Russian Federation

119454, Russia, g. Moscow, ul. Prospekt Vernadskogo, 76
Другие публикации этого автора



The subject of this research is the separate specificities of calculating interest on received and issued loans for the purposes of separate calculation of the value added tax (VAT). Particular attention is given to the analysis of the applicable positions of the Paragraph 4 and Paragraph 4.1 of the Article 170 of the Tax Code of the Russian Federation. The author carefully examines the bases for calculating interest in received loans as part of total expenses on operation that are not subject to VAT, as well as interest on issued loans. Analysis is conducted on the legal practice and scientific publications on this topic. The scientific novelty of research consists in the comprehensive study of the bases for calculation of interests on received and issued loans for the purposes of separate calculation of VAT, as well as the research of the question whether or not the fiscal year receipt of interest in the amount that is significantly higher than the revenue from activity that is subject to VAT same as the largest part of expenses related to non-taxable activity. Among the main conclusions of the conducted research is the claim that if the procured commodities (labor, services) are not used in non-taxable operations on issuing loans and receiving interest, the corresponding amounts of VAT are subject to deduction.

Keywords: Interest, VAT-exempt transaction, VAT deduction, Separate VAT accounting, VAT, Tax code, Loans received, Loans given, Five-percent rule, General and administrative expense



Article was received:


Review date:


Publish date:


This article written in Russian. You can find full text of article in Russian here .

Postanovlenie Prezidiuma Vysshego arbitrazhnogo suda RF ot 05.07.2011 № 1407/11; Opredelenie Konstitutsionnogo Suda RF ot 04.06.2013 № 966-0 // SPS «Konsul'tantPlyus».
Malyshko V. Pravilo pyati protsentov // Prakticheskii bukhgalterskii uchet. 2018. № 5. S. 5 – 18.
Pis'ma Minfina Rossii ot 12.02.2013 № 03-07-11/3574 i ot 02.08.2012 № 03-07-11/223 // SPS «Konsul'tantPlyus».
Opredelenie Verkhovnogo Suda RF ot 25.05.2016 po delu № A58-510/2015 // SPS «Konsul'tantPlyus».
Postanovlenie Devyatogo arbitrazhnogo apellyatsionnogo suda ot 16.08.2016 po delu № A40-7999/2016 // SPS «Konsul'tantPlyus».
Postanovlenie Arbitrazhnogo suda Moskovskogo okruga ot 29.11.2016 po delu № A40-244996/2015 // SPS «Konsul'tantPlyus».
Reshenie Arbitrazhnogo suda goroda Sankt-Peterburga i Leningradskoi oblasti ot 19.12.2017 po delu № A56-67724/2017 // Kartoteka arbitrazhnykh del (
Zaitseva S.N. O razdel'nom uchete i pravile «pyati protsentov» // NDS: problemy i resheniya. 2018. № 1. S. 5 – 19.
Pis'mo Minfina Rossii ot 08.09.2011 № 03-07-11/241 // SPS «Konsul'tantPlyus».
Pis'mo FNS Rossii ot 24.10.2007 № ShT-6-03/820@ // SPS «Konsul'tantPlyus».
Postanovlenie Arbitrazhnogo suda Moskovskogo okruga ot 06.02.2015 po delu № A40-157984/2013 // SPS «Konsul'tantPlyus».
Postanovlenie FAS Moskovskogo okruga ot 26.10.2010 po delu № A40-149584/09-111-1153 // SPS «Konsul'tantPlyus».
Postanovlenie Devyatogo arbitrazhnogo apellyatsionnogo suda ot 27.01.2015 po delu № A40-93948/2013, ostavlennoe bez izmeneniya postanovleniem Arbitrazhnogo suda Moskovskogo okruga ot 26.05.2015 // SPS «Konsul'tantPlyus»