The names of the various institutions of our country often have quite complex abbreviations that do not reveal the essence of the organization. One of these abbreviations, which are often found in the media, is IFNS. What is this organization that is hiding behind a complex reduction? What are the functions of this department?
IFTS Reduction
What is this abbreviation? It turns out that under such a complex name, the federal tax service, which is now called the inspection, is opened. Prior to this, the tax authority 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 few norms in this law do not have a clear interpretation. Explanations on this or that point are given by the IFTS. What is this information? Reference letters, comments and instructions for filling out reports, forms and current tax documentation.
The right to audit tax compliance
The control over the accrual and transfer of tax liabilities is also assigned to the IFTS. What kind of authority this can be understood from the proposed list:
- Conducting scheduled and unscheduled inspections of organizations of all forms of ownership.
- Accrual of fines and penalties to persons responsible for accounting and taxation.
- Initiation of cases of tax evasion followed by transfer to court, etc.
Since the new year 2017, new responsibilities have appeared in the tax administration. From now on, contributions to the Pension Fund and compulsory health insurance will also be supervised by the IFTS. 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 payroll.
Currently, the Federal Tax Service Inspectorate is verifying personal cards of all Russian companies in order to identify existing violations of insurance premium deductions. Such verification will take the entire first quarter of 2017. Therefore, it is recommended that business accountants and individual entrepreneurs independently verify the correctness of contributions to the Pension Fund and the Social Insurance Fund and voluntarily pay arrears. All payments should be made to the settlement details of the IFTS, which you can find out at the nearest tax office in your region.