When to pay taxes due to non-working “May”

The first step is to calculate the amount paid to the government. There is a difference between individuals and legal entities. Ordinary citizens do not think about this issue; entrepreneurs act independently. Commercial organizations go through all the stages provided for by the taxation system.

The second step is paying off tax debt. For citizens, called individuals, all actions are carried out by the employer. The calculation comes from the money earned in production. Here the employer transfers the state tax to the Federal Tax Service. Payment of income tax is the direct responsibility of legal entities.

In 2021, as in previous years, it is important to comply with the deadlines for making payments specified in the legislation of the Russian Federation. This will make business cheaper, because there are penalties and fines for late payments. If the enterprise is large, the amounts reach impressive amounts.

Deadline for payment of transport tax in 2021

From 2021, the deadlines for payment of transport tax and advance payments on it will change. If before 2021 payment deadlines were established by the laws of regional authorities, then from 2021 specific deadlines have been established in the Tax Code. So, transport tax/advance payment in 2021 is paid within the following terms:

How to calculate income tax

You cannot transfer a non-existent amount. To find out, follow the plan:

• find out the current tax rate;
• determine the income received minus the production costs incurred by the enterprise;
• calculate the total tax payment.

In Russia, the tax rate for profits received during the year is 20%. This is a general indicator. Others are also active. Organizations providing medical services, educational institutions and agricultural producers pay a zero rate to the budget. If the company fulfills the conditions set by the state, a rate of 9.15% is applied. After violation of the requirements, taxes are calculated at the 20% level.

The profit from which the state receives its interest is considered to be the total income of the enterprise, reduced by the amount of expenses incurred by it for the same period. It is called the tax base. Not all of the profit received is included in the calculations, since part of it is not subject to tax under Article 251 of the Tax Code of the Russian Federation.

Net profit is obtained after paying the appropriate tax. According to Article 270 of the Tax Code, they determine which expenses can reduce the tax base and which cannot. They are also divided into direct and indirect.

To calculate income use:

• accrual method;
• cash method.

They differ in the time at which losses incurred by production are recorded. In the first method, the determining moment is the date the costs are incurred, in the second - the transfer of funds to the organization’s bank account or depositing money directly into the cash desk.

If the base is calculated correctly, all that remains is to multiply it by the tax rate and pay the result at the Federal Tax Service office. At the same time, only 2% goes to the federal budget, the remaining 18% remains in the region that registered the enterprise’s activities.

Deadline for payment of land tax

From 2021, the deadlines for paying land taxes will also change. Tax/advance payments must be paid no later than the following dates:

What documents are required to pay income tax?

All answers are in the company's accounting department. This is where information is taken to pay the state tax on profits.

Financial transactions recorded by postings are written as follows:

• D99 K68 – posting reflecting the accrued fee;
• D68 K51 – record of payment of tax debt of the enterprise.

Production expenses reduce the tax base, so they are carefully audited. In addition to documentary confirmation, they must have a specific purpose within the framework of the enterprise’s economic activities.

The main reporting document to the Tax Service is the declaration. This includes calculations, profits and losses received by the entrepreneur, as well as the direction of activity of the company he manages.

The tax is paid through an operator at the bank, or by transfer from a personal account to the details of the Federal Tax Service of Russia. By submitting a return or paying tax after the deadline established by law, organizations get into serious financial problems.

Deadline for payment of insurance premiums in 2021

Insurance premiums for mandatory health insurance, compulsory medical insurance, VNIM and injuries paid by employers, as well as contributions transferred by individual entrepreneurs for themselves, must be paid within the following deadlines.

Source: glavkniga.ru

Terms and procedure for paying income tax

Individuals pay at one time, legal entities - in stages. For organizations, the year is divided into equal periods, at the end of which an advance is made towards the total tax amount. If there is a shortage at the end of the year, it is paid additionally.

Deadlines for repayment of tax debts of enterprises:

• Money is transferred after 3, 6 and 9 months with a final payment at the end of the year.
• After the specified time intervals have passed, you must pay no later than the 28th of the next month: 1st advance - April 28, second - July 28, third - October 28. The entire amount must be repaid by March 28 of the following year.

Sometimes the tax period is confused with the reporting period.
The first is the calendar year, at the end of which the organization is obliged to calculate the amount of tax and pay it in full. Or rather, what is left after previous payments. The reporting period is part of the tax period. Represents intervals of 1, 3, 6 and 9 months, paid in advance. Article 286 of the Tax Code of the Russian Federation lists companies that pay taxes quarterly. There are not many of them. Basically, legal entities pay tax monthly. They are required to make payment next month no later than the 28th.

When paying tax after 3 months, it is important to know the following details:

• This is allowed for organizations whose annual income does not exceed 10 million rubles.
• After the end of the first quarter, the money should be transferred to the Federal Tax Service account. The tax return must be submitted no later than April 28 and there should be no debts by this time.
• For the second quarter, money is transferred in the same manner. The advance amount is determined by subtracting the previous payment from the amount of tax accrued by that time.
• Tax for the third quarter is the difference between the amount accrued for 9 months and the funds already paid by the enterprise.
• The last payment is calculated at the end of the year. The amount unpaid for the tax period is determined, which must be received by the Federal Tax Service by March 28 of the next year.

When the enterprise's income is more than 10 million, income tax is paid monthly. A less profitable enterprise is transferred to a similar form of payment if its performance has risen beyond the specified level. After this, the amount accrued for the reporting quarter is divided into three parts, each of which is paid before the 28th day of the month following the current one.

You can switch to monthly payment, as opposed to quarterly, at your own discretion. This is done in the next reporting period, after submitting a corresponding application to the Tax Service.

Payment of monthly advances from actual profits

For this option of paying income tax, there is a notification procedure. To start paying this way, you need to send a notification to the Federal Tax Service.

They can do this:

Those who are not entitled to quarterly payments based on actual profits (under the previous section);

Those who are not a budgetary institution operating in the theater, concert, museum or library fields.

There is no approved uniform form for notification of the transition to advances from actual profits. You can compose it in any form indicating:

• details of the organization (name, address, tax identification number, checkpoint);
• the period from which the payment of tax on actual profits will begin.

You can start paying advances on actual profits or return to another method of paying tax only from the beginning of the year. Therefore, the Federal Tax Service must be notified of such a decision no later than December 31 of the previous year. The new payment method also needs to be recorded in the accounting policy.

In the stated order, an exception is made for new organizations. They can begin to use this method of settlements with the budget for income tax immediately after creation, also notifying their Federal Tax Service about this.

When using monthly advances from actual profits, the profit declaration is also submitted to the Federal Tax Service on a monthly basis!

The monthly payment for the tax payment procedure under consideration is calculated in two stages.

Example

Based on the results of the period from January to May 2021, the actual profit of the LLC amounted to 7 million rubles. From January to April (for the previous reporting period), the profit was 5.5 million rubles, from which the LLC calculated and paid 1,100,000 rubles. advances on income tax.

The total amount of the advance at the end of the period = 7,000,000 X 20% = 1,400,000 rubles.

Advance payment for May = 1,400,000 – 1,100,000 = 300,000 rubles.

Please note that the calculation is conditional, to demonstrate the principle of action! In practice, the income tax payment will be distributed across the federal and regional budgets and multiplied by the rate applicable to each budget.

We talked in more detail about the nuances of calculating income tax in this article.

Such calculations are made from the beginning of the year until December. For December, the advance payment when paying tax on actual profit does not need to be calculated. At the end of December, the tax for the entire year is calculated.

Payment of advances on profits quarterly

If a company’s sales revenue for a quarter on average does not exceed 15 million rubles, then such a company is allowed to deviate from the general procedure and not pay to the budget on a monthly basis. Payments are made quarterly during the tax period (year).

To understand whether this can be done, you need to calculate the average sales income for the quarter.

Sales Revenue = Revenue for previous 4 quarters / 4

If the resulting value is less than the limit of 15 million rubles, you can pay advances on profits quarterly rather than monthly.

However, such calculations will have to be carried out further. Because if at some point the result obtained by the formula exceeds the limit, from the next quarter you will have to pay monthly advances according to the general procedure.

In addition, the legislation allows the use of the quarterly advance regime for some organizations initially.

The calculation of a specific quarterly payment is made as follows:

With such a payment, it is possible to further reduce the amount obtained using the above formula by:

• trading fee that was paid from the beginning of the year until the date of transfer of the income tax payment;
• tax paid outside the Russian Federation.

If, during quarterly calculations of advances on profit, a loss was incurred in the reporting period, the payment will be equal to 0.