Compilation and transmittal of accounting and tax reports

Attention! See special section: Accounting records. The basic requirements.

Organizations — tax agents (withholding PIT amounts from wages and salaries of its employees) should submit tax declaration by the end of financial year. (In compliance with p.2 article 230 TC RF).

When paying PIT, it's important to consider, that according to p 6. article 226 TC RF "Tax agent must make contributions of calculated and withheld tax no later than the actual date of monetary cash funds receipt from the bank in purposes of paying out the profit, including the date of profit transfer from tax agents' bank accounts to taxpayers' accounts or third party accounts by their request. In all other cases tax agents should transfer funds of calculated and withheld taxes no later than the date following the day of actual acquisition of income by taxpayer - for incomes, paid out as monetary funds, as well as the date - following the day of withholding calculated tax amount, - for taxes acquired by taxpayer in kind, or in form of material profit".

It's a common business practice, for PIT amounts and insurance premium amounts to be paid out simultaneously (PS, FIS, HIF).

Calculated and withheld by tax agents PIT payments should be paid according to Organization's registered location (In compliance with p. 7 article 226 TC RF).

For organizations that use Simplified taxation (STS).

Companies that use STS have to submit the tax declaration for results of the fiscal period (calendar year). For the quarter, half year and 9 months of the declaration in the IFTS is not available. (Pursuant to p. 1 article 346.23 TC RF).

The terms for making STS payments upon results of the fiscal period (calendar year) — until 25.04.2011 (Pursuant to p. 7 article 346.21 Tax Code of the Russian Federation).

The deadline for payment of advance payments of STS in the reporting period (first quarter, six months and nine months of the calendar year) — until 25.07.2011 (Pursuant to p. 7 article 346.21 Tax Code of the Russian Federation).

This being said, Organizations that use STS should consider, that pursuant to p 2 article 346.11 TC RF "the use of simplified taxation by organizations assumes their independence from obligations of paying income tax established for organizations (except for the tax paid off profits taxable at tax rates, stipulated by points 3 and 4, article 284 of the current Code), and tax on commercial property. Organizations, that use simplified taxation, are not regarded as VAT payers, except for value added tax being subject to be paid pursuant to the current Code, due to import of good through the customs of the Russian Federation, as well as value added tax paid pursuant to article 174.1 of the current Code. Other taxes have to be paid by organizations that use simplified taxation in compliance to legislation "on taxes and levies" (examples: PF RF, HIF, SIF).

Furthermore, pursuant to p. 5 article 346.11 TC RF, Organizations, that use STS "are not free from execution of tax agent obligations, stipulated by the current Code". (for example, VAT).

Terms for submission of respective declarations and advance payment accruals, as well as payment terms for taxes and levies, see OSNO paragraph.

For Organizations that use a taxation system in form of unified tax on income for separate types of commercial activity (UTII).

Organizations that use UTII, have to submit the UTII tax declaration upon results of the fiscal period (quarter II, 2011) — 25.07.2011 to IFTS. (Pursuant to p. 3 article 346.32 TC RF).

The Form (download zip (20.0 kb)) of UTII declaration is approved by Order of the Ministry of Finance of the Russian Federation, as of 08.12.2008 № 137n "On approval of the tax declaration form for unified tax on imputed income associated with separate types of commercial activity and its fill in order".

The terms of UTII payment upon results of the tax fiscal period (quarter I 2011) — until 25.04.2011 (Pursuant to p. 1 article 346.32 TC RF).

This being said, Organizations that use STS should take into consideration, that pursuant to p.4 article 346.26 TC RF "The fact of unified tax payment by organizations assumes their freedom from obligations with regards to payment of income tax, stipulated for organizations (in terms of income, derived from commercial activity, liable to unified tax), tax on commercial property (relevant for property used for any type of business subject to unified tax). Organizations and entrepreneurs, making unified tax payments, are not regarded as VAT payers (with regards to transactions, recognized as taxable object pursuant to chapter 21 of the current Code, conducted used in commercial activity liable to unified tax), apart from value added tax payable pursuant to the current Code, when importing goods through the customs of the Russian Federation. Accrual and payment of other taxes and levies, not specified in the present paragraph, should be carried out by taxpayers according to other systems of taxation.

Terms for submission of respective declarations and accruals for advance payments, as well as terms for payment of taxes and levies, see OSNO paragraph.

Notice!

Every organization, regardless of taxation system being used, must, pursuant to p. 3 article 80 TC RF, submit "the data on common number of individuals employed in the previous calendar year (2010)" to IFTS department, no later than 20.01.2011.

The Form (download zip (10.0 kb)) of document has been approved by Order on FTS RF, as of 29.03.2007 № MM-3-25/174@ "On approval of form containing information relative common number of employees in the preceding year".

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