The Tax Code of the Russian Federation establishes the general terms for paying taxes, but each taxpayer determines for himself when to pay the fee. However, if the payment is not paid before the deadline, interest will be charged for late tax payments. This is quite natural, because the famous phrase says: “Pay taxes and you can sleep peacefully!” In addition to charging penalties, more severe measures may be present for late tax payments, for example, for organizations it may be freezing accounts, for individuals - unpleasant communication with the bailiffs who came to describe your property.
Therefore, if the delay has arisen due to circumstances that are not dependent on you, and you sincerely regret it, then it is better to act "in hot pursuit", that is, independently calculate the amount of the penalty and pay, naturally, not forgetting the amount of the tax itself. Payment of tax penalties can be made both with the payment of the principal amount and after.
In accordance with the law, the penalty is calculated daily, starting from the day following the end of the established period. How to calculate the required amount of interest on transport tax, for example? In general, the basic calculation formula for all taxes is one. Here is a detailed plan of action.
- It is necessary to determine the amount of the amount that has not been paid to the budget. If you have not made advance payments, the amount will be that indicated in the notification. In the case of an incomplete payment of the contribution, it is necessary to subtract from the main amount what has already been paid, and to pay the remaining amount interest for late payment of tax.
- Next, you should accurately establish the day from which the calculation of the amount of interest began. In any case, it will be the day that was the deadline for payment. The only caveat in this case is the possible postponement due to the deadline for weekends or holidays. In this case, the payment term is postponed to the next business day.
- Do not count the day on which you will definitely go pay a tax with a fine - as a rule, it does not count.
- It is necessary to determine the refinancing rate for the entire period of delay.
- Finally, the formula itself:
P = N * D * CP / 100% * 1/300, where:
P - this is a penalty for late tax;
N - the amount of non-payment or arrears;
D - the number of days that are considered to be past due;
SR - refinancing rate for the non-payment period (in% terms).
By the way, in the event of a court ruling that the taxpayer could not be paid the tax amount for the reporting period for some reason, no penalty will be charged. Such cases include: seizure of accounts or suspension of transactions on these accounts, seizure of part or all of the property of the taxpayer. In these situations, penalties and fines will not be charged during the entire period of the listed circumstances. But the written application for a deferred or installment plan of payment submitted to the tax inspectorate does not stop the calculation of penalties .
Do not forget to pay taxes on time and in full, then the problems of calculating penalties or fines, as well as unpleasant communication with the system of bailiffs will not affect you!