The Federal Law is aimed at improving procedures for administrating value added taxes, taking into account current law enforcement practices.
In particular, the Federal Law clarifies: procedures for recognizing Russia as the place of performance of works (provision of services) in the event when such works (services) are performed (provided) on the territory of a foreign state by branches or representative offices of Russian companies; procedures for reinstating value added taxes previously accepted for deduction with respect to payment or partial payment for future delivery of goods (performance of works, provision of services); procedures for taxpayers to maintain journals of invoices received and issued.