Fee for late payment of tax: useful information

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

The Tax Code of the Russian Federation establishes general deadlines for paying taxes, but each taxpayer determines for himself when exactly to pay the contribution. However, if the payment is not made before the specified deadline, late payment interest will be charged. This is quite natural, because the famous phrase says: “Pay your taxes and you can sleep peacefully!” In addition to the accrual of pen alties, more severe measures may be present for late payment of tax, for example, for organizations it may be freezing accounts, for individuals - impartial communication with bailiffs who came to describe your property.

Therefore, if the delay arose due to circumstances beyond your control, and you sincerely regret it, then it is better to act "in hot pursuit", that is, independently calculate the amount of the pen alty and pay, of course, not forgetting the amount the tax itself. Payment of interest on taxes can be made both with the payment of the principal amount and after.

In accordance with the law, the fine is calculated daily, starting from the day following the end of the established period. How to calculate the required amount of pen alties for transporttax, for example? In general, the basic calculation formula for all taxes is the same. Here is a detailed action plan.

1. It is necessary to determine the amount that was not paid to the budget. If you did not make advance payments, then the amount will be the one indicated in the notification. In case of incomplete payment of the amount of the contribution, it is necessary to deduct what has already been paid from the main amount, and consider late payment pen alties for the remaining amount.
2. Next, you should accurately set the day from which the accrual of the amount of interest began. In any case, this will be the day that was the last day for payment. The only caveat in this case is a possible postponement due to the deadline falling on weekends or holidays. In this case, the due date is moved to the next business day.
3. Do not count the day you are sure to go to pay tax with a fine - as a rule, it does not count.
4. It is necessary to determine the refinancing rate for the entire period of delay.
5. Finally, the formula itself:

P=NDSR / 100%1/300, where:

P is the pen alty for late payment of tax;

Н - the amount of non-payment or arrears;

D - the number of those days that are considered late;

SR - refinancing rate for the period of non-payment (in % terms).

By the way, in the event of a court ruling that the taxpayer could not pay the amount of tax in the reporting period for some reason, no pen alty will be charged. Examples of such cases include: freezing of accounts orsuspension of operations on these accounts, seizure of part or all of the taxpayer's property. In these situations, pen alties and fines will not accrue during the entire period of the listed circumstances. But a written application for a deferral or installment payment, submitted to the tax office, does not stop the accrual of pen alties.

Don't forget to pay taxes on time and in full, then problems with calculating pen alties or fines, as well as unpleasant communication with the system of bailiffs will not affect you!