Deadlines for submitting reports and paying taxes for the 2nd quarter of 2021

In connection with the entry into force on January 1, 2021 of certain federal accounting standards for public sector organizations, the Ministry of Finance introduced changes to the procedure for submitting annual and quarterly financial statements of state (municipal) budgetary and autonomous institutions (Instruction No. 33n) by order dated November 30, 2018 No. 243n. Let's analyze changes in reporting forms and the procedure for filling them out.

• Balance (f. 0503730)
• Certificate for conclusion of accounts (f. 0503710)
• Report on financial results of activities (f. 0503721)
• Cash flow statement (f. 0503723)
• Explanatory note (f. 0503760)

New profit declaration

The income tax return has been changed from reporting for 2021.
That is, now you will need to report for the year using a new declaration form. The draft changes are available on the website regulation.gov.ru. There are no major changes expected, so this declaration is unlikely to cause any difficulties. The 2021 tax amendments will mainly be taken into account. In particular, a rule appears in the declaration: it is possible to reduce the profit base for losses of previous years only within 50 percent. Also, sheets for consolidated groups of companies and controlled organizations will be updated.

New form of property tax declaration

For 2021, you will need to submit a new property tax return form. The form and procedure for filling it out were approved by order of the Federal Tax Service of Russia dated March 31, 2021 No. ММВ-7-21/ [email protected] , which came into force on June 13, 2021.

The new declaration now includes section 2.1 “Information on real estate objects taxed at the average annual value.” It provides lines for entering the cadastral number, OKOF code, and the residual value of the real estate property.

Reporting for the 4th quarter of 2021 and for the whole of 2021

Below is a calendar of reports that will need to be submitted for the 4th quarter and for the entire 2021.

* Note. The journal is submitted by entities that are not VAT payers, or exempt under Article 145 of the Tax Code, and are not recognized as tax agents in the event that they issue and (or) receive invoices when carrying out intermediary activities.

New transport tax return

A new form must be submitted for transport tax reporting for 2021. It was approved by order of the Federal Tax Service of Russia dated December 5, 2016 No. ММВ-7-21/ [email protected]

The new declaration form now has special lines where you need to indicate the amount of the “Platonic” fee, by which the transport tax can be reduced from January 1, 2021. In section 2 of the declaration, you must indicate in separate lines: “Date of registration of the vehicle”; “Date of termination of registration of the vehicle (deregistration)” and “Year of manufacture of the vehicle.”

Submission of interim accounting reports

According to paragraph 5 of Art. 13 402-FZ, accounting records that are compiled for an interval of less than one calendar year are considered intermediate. These can be monthly or quarterly registers.

Interim reports are submitted only when the organization is obliged to submit them in accordance with the current legislation of the Russian Federation, by-laws and regulations, as well as constituent documents or decisions of managers and owners (clause 4 of Article 13 402-FZ). In such cases, the OP dates must be fixed in the accounting policies of the institution.

The deadline for submitting intermediate forms is not established by current legislation. The deadlines and time intervals for which you need to report are determined by internal and external users of accounting.

New calculation of insurance premiums from 2021

On our website we have already written about the new Calculation of insurance premiums for premiums for the first quarter of 2021. We emphasize that this Calculation will have to be submitted only in April 2021. We will return to this topic closer to the 1st quarter reporting. And now, briefly about the changes in the calculation of insurance premiums. Amendments will be in section 3 of the calculation, which is intended for personalized information. A new attribute “Adjustment type” will appear there. You will need to check which form you are submitting: original, corrective, or canceling. And in Appendix 2 to Section 1 a new detail “Payer’s tariff code” will be added.

Deadlines for submitting the journal of received and issued invoices in 2021

In 2021, intermediaries acting in the interests of third parties on their own behalf are required to submit logs of invoices received and issued. They are:

• commission agents;
• agents;
• forwarders (involving third parties without their own participation);
• developers (involving third parties without their own participation).

The deadline for submitting the log of received and issued invoices is no later than the 20th day of the month following the expired quarter. Below in the table we present the deadlines for submitting the journal of received and issued invoices in 2021.

2-NDFL from 2021

The Federal Tax Service plans to approve new income codes for 2-NDFL certificates by the end of the year.

Compensation for unused vacation will need to be coded 2013.

Severance pay, average earnings for the period of employment, as well as compensation to the manager, his deputy and the chief accountant in parts that exceed three times the average monthly salary will need to be designated by code 2014.

For bad debts of individuals that the company writes off, a new code 2611 will appear.

Reporting upon liquidation of an organization in 2021

From August 19, 2021, there are clear rules by which the tax period must be determined. This is fundamentally important for organizations that are closing and opening. Additions were made by Federal Law No. 173-FZ of July 18, 2017.

We are talking about how to determine the quarterly and monthly tax period.

The quarterly tax period cannot be less than 10 days. Here's what this means: if you opened a company less than 10 days before the end of the quarter, then the first tax period will begin from the moment of registration and will last until the end of the next quarter. That is, there will be more.

The monthly tax period does not have any additions or cuts. How to understand this: if you opened a company in the last days of the month, you will still have to report for that month (tax period). Moreover, for personal income tax and insurance premiums, the tax period does not depend on the date when you opened or closed the company.

For example: if you registered a company in late December, you will still have to report personal income tax and contributions for the year. This applies to both legal entities and entrepreneurs.

Let's look again and in more detail using an example.

Reporting 2nd quarter 2021: VAT deadlines

Not only those who work for OSNO need to submit VAT information to the inspectorate. In some cases, “special regime officials” also have to file a declaration if they are tax agents for VAT, or have allocated the tax by issuing an invoice. In addition, persons who are not agents or VAT payers (or are exempt from payment) issuing invoices under intermediary agreements are required to submit to the Federal Tax Service a “Logbook of invoices” (issued and received in the reporting period). All VAT reporting is submitted only electronically.