Features of VAT accounting during the transition period changes in its rate

VAT is the most common tax in countries with market economies. according to experts, it accounts for about 85% of tax revenues in the country's budget. However, it is worth noting that all experts agree that accounting for this type of tax payment is one of the most time-consuming and complex, along with income tax. That is why it is important to investigate the procedure for carrying out accounting operations for VAT during the period when the process of changing its rates in the Russian Federation is taking place.