Characteristics of value added tax and some nuances of its payment to the budget system of the Russian Federation

The article reveals some nuances of calculation and payment of value added tax, its nature and essence in the tax system of Russia, the elements of the tax systems of different countries as an example, as well as the procedure for tax reimbursement when accounting for incoming invoices. The main changes in the order of accounting, reporting and filing of the Declaration after the increase of the basic rate are given. The application of the zero rate for the export of goods and services outside the Russian Federation is also explained.