Financial and Legal Regulation of VAT Refund to Foreign Nationals with Exporting Goods Outside the EAEU

The possibility of VAT refund to foreign nationals when exporting goods outside the EAEU is one of the key tools for the development of both the tourism sector and the economy of the Russian Federation as a whole. As part of this work, the most topical issues and problems that are associated with the return of VAT to foreign citizens when exporting goods outside the customs territory of the EAEU were considered, since, according to the author, Russian science does not pay much attention to understanding the system itself or regulating it. Foreign citizens received the right to VAT compensation only on January 1, 2018, which caused the novelty and practical value of this work. Given the urgency of the need to analyze the mechanism for returning indirect taxes to foreign citizens, the author set a goal to form a comprehensive view of the problem of returning VAT to foreign citizens when exporting goods outside the customs territory of the EAEU and present ways to further develop its regulatory framework. The study includes an analysis of the prerequisites and the sequence of introducing rules on the return of VAT to foreign citizens, the designation of legal grounds for VAT compensation, a direct study of the procedure for returning VAT to foreign citizens when exporting goods outside the customs territory of the EAEU. Analysis of the issues and problems of the mechanism for returning VAT to foreign nationals when exporting goods outside the customs territory of the EAEU leads to the conclusion that there is a need for a significant territorial expansion of this mechanism, the need to simplify the workflow between the bodies involved in the VAT refund system and adopt a narrow specialized law that acted based on the Tax Code of the Russian Federation.