UTII is a special taxation system in which an entrepreneur pays taxes based not on actual, but on imputed (potentially possible) income. The imputed income is regulated by the state and is established, in accordance with legislative acts of the Russian Federation, depending on a particular type of activity. The main factor determining this income is the totality of such physical performance indicators as the number of employees, the area of storage facilities, the area of trading floors, and the number of vehicles.
About what specific types of activities are subject to imputed tax, is prescribed in the laws of the city or region. The local government independently controls this issue and at the city level determines the deadline for paying UTII and what activities are subject to UTII and which are not.
Imputed income tax returns, like any other return, are filed at the end of the tax period.
The UTII rate is calculated by local authorities based on the territory and types of activity. Payment of tax on potential income for individual entrepreneurs replaces the mandatory payment of personal income tax and property tax owned by an individual, for legal entities - income tax, value added and property of the organization. However, the payment of UTII, according to the Russian legislation in the field of taxes, does not exempt from the payment of transport and land taxes, as well as from the payment of state duties and excises.
The deadline for submitting UTII is the twentieth day of the first month of the next quarter (tax period). The form by which the tax return on imputed income is filled out was approved on January 23, 2012 by order of the Federal Tax Service of the Russian Federation. The rate of this single state tax is equal to fifteen percent of the amount of potential income. UTII is calculated as the product of the tax rate on the tax base, that is, the value expression of imputed income.
The deadline for paying UTII to the budget system of the Russian Federation is no later than the twenty-fifth day of the first month of the coming quarter (tax period). Tax is paid by the taxpayer at the place of registration with the local tax authority. For example, the deadline for the payment of UTII for the first quarter of 2013 should not be later than the twenty-fifth of April 2013. Moreover, tax returns following the results of the first quarter of 2013 are submitted no later than April 20th.
It is important to note that the procedure and deadline for the payment of UTII, in accordance with the principles of taxation of the Russian Federation, imply a mandatory quarterly tax payment. In case of violation of the law and untimely payment, both individual entrepreneurs (individuals) and organizations (legal entities) are fined. For non-compliance with the payment deadlines and violation of tax laws, a penalty is charged, which is one three hundredth of the Central Bank of Russia refinancing rate. The timeliness of submitting tax returns and the deadlines for paying UTII taxes are regulated by the first paragraph of Article No. 346.32 of the Russian Tax Code.