IFTS - what is it? Authority of the organization

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The names of various institutions of our country often have rather complex abbreviations that do not reveal the essence of the organization's activities. One of these abbreviations, which are often found in the media, is IFNS. What is the organization behind the complex cuts? What functions does this agency perform?

Reduction of IFTS

What is this acronym? It turns out that under such a complex name, the federal tax service, which is currently called the inspection, has been opened. Prior to this, the tax department had many names, but only the modern name explains what rights and obligations are assigned to the inspection.

The right to administer new tax laws

The tax legislation of our country is based on the Tax Code. But quite a lot of norms in this law do not have a clear interpretation. Explanations on a particular item are given by the IFTS. What is this information? Letters of recommendation, comments, and instructions for completing reports, forms, and current tax filings.

Rightcarry out tax compliance reviews

Control over the accrual and transfer of tax liabilities is also assigned to the Federal Tax Service. What these powers can be understood from the proposed list:

• Scheduled and unscheduled inspections of organizations of all forms of ownership.
• Charging pen alties and fines to persons responsible for accounting and taxation.
• Initiation of cases for non-payment of taxes with subsequent transfer to court, etc.

Since the new 2017, new responsibilities have appeared in the jurisdiction of the tax inspectorate. From now on, contributions to the Pension Fund and compulsory medical insurance will also be supervised by the Federal Tax Service. What does this mean for organizations? We are talking about the application of new methods for calculating mandatory insurance premiums, the introduction of new forms and forms, as well as comprehensive checks on the calculation of wages.

Currently, the IFTS checks the personal cards of all Russian companies in order to identify existing violations of insurance premium deductions. Such a review will take the entire first quarter of 2017. Therefore, accountants of enterprises and individual entrepreneurs are advised to independently verify the correctness of contributions to the Pension Fund and the Social Insurance Fund and voluntarily pay the arrears. All payments should be made to the settlement details of the IFTS, which can be found at the nearest tax office in your region.