2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
What are pen alties? This is the amount of money accrued to the taxpayer who pays the debt later than the deadline established by law. Late fees are required to ensure that dues and taxes are met on time. Article 122 of the Tax Code is the basis for the legal collection of fines. How to calculate interest on taxes? For example, if you have not paid tax for any reason, then a fine of twenty percent of the unpaid amount will be added to it. But this is just a summary, let's take a closer look and look at specific examples.
How to calculate interest on taxes correctly?
It is important to know that regardless of whether other sanctions were applied to the payer, he is obliged to transfer pen alties to the budget. The main principle of calculating pen alties is to take into account each day of delay in paying taxes. The first day is the time when you need to pay tax in accordance with the law. How to calculate interest on taxes? Factors required for the calculation: the amount of tax calculated, the percentage of pen alties, the amountoverdue days. In Russia, the pen alty interest is calculated based on the refinancing rate in effect at the time of the delay. Take 1/300 of it. In this situation, the refinancing rate is 8.25%. So, in order to answer the question of how to calculate the interest on taxes, we will use the formula: P=D x N x SR x 1/300, where P is the amount of the pen alty, SR is the exact refinancing rate of the Central Bank of Russia at the time of occurrence delay, H is the amount of tax.
If the refinancing rate has not changed
For example, a certain company Stary Vek LLC did not pay land tax until February 01, 2013, the amount of which was 7,500 rubles. She repaid this tax debt on March 29, 2013. During this period, the refinancing rate set by the Central Bank of Russia is 8.25%. The total number of days of debt is 57. How to calculate the interest on taxes? We apply the formula indicated above, and we get the size of the pen alty at 117.56 rubles. You should be aware that the refinancing rate may well change during the delay, and understand that the calculation will also be different. In such cases, the rate is taken separately for each period of its validity.
If the refinancing rate changed
In 2011 Bystry Perez LLC did not pay transport tax in the amount of 12,000 rubles. Payment deadline is February 01, 2012. The company repaid the debt as follows: February 12 - 5,000 rubles, March 1 - 7,000 rubles. Based on this, the amounttax arrears amount to 12,000 rubles for the period from 02 to 11 February and 7,000 rubles from 12 to 29 February. Suppose the refinancing rate changed from 8% for the period from February 02, 2012 to February 09, 2012 to 8.25% for the existing period from February 10 to February 19, 2012, and finally reached 8.5% in the period from 20 to 29 February 2012. You can calculate the interest using the formula above. The amount of additional payments will be 68.87 rubles. So, now you know not only what pen alties are and on what basis they are calculated, but also how to calculate tax pen alties correctly. Good luck in business, do not delay!
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