What is a penalty interest? This is the amount of money accrued to the taxpayer who pays the debt later than the deadline established by law. Delay interest is required to ensure timely fulfillment of obligations to pay fees and taxes. Article 122 of the Tax Code is the basis for the lawful collection of fines. How to calculate tax penalties? For example, if for some reason you did not pay the tax, then a fine of twenty percent of the unpaid amount will also be added to it. But this is just a summary, let's look in more detail and consider specific examples.
How to calculate tax penalties?
It is important to know that, regardless of whether other sanctions were applied to the payer, he is obliged to transfer penalties to the budget.
The basic principle of interest calculation is the accounting of each day of delay in payment of taxes. The first day is the time when you need to pay tax in accordance with the law. How to calculate tax penalties? Factors necessary for the calculation: the amount of tax calculated, the percentage of interest, the number of days overdue. In Russia, the interest is calculated based on the refinancing rate applicable at the time the payment was delayed. Its 1/300 part is taken. In this situation, the refinancing rate is 8.25%. So, in order to answer the question of how to calculate tax penalties, we use the formula: P = D x H x CP x 1/300, where P is the amount of the penalty, CP is the exact refinancing rate of the Central Bank of Russia at the time of occurrence delays, N is the amount of tax.
If the refinancing rate has not changed
For example, a certain company LLC Old Century did not pay land tax until February 1, 2013, which amounted to 7,500 rubles. She repaid the tax 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 tax penalties? We apply the formula above, and get the size of the size of the penalty 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 has changed
The company "Fast transportation" in 2011 did not pay the transport tax in the amount of 12,000 rubles.
The payment term is February 01, 2012. The company paid off the debt as follows: February 12 - 5,000 rubles, March 1 - 7,000 rubles. Based on this, the amount of tax arrears is 12,000 rubles for the period from February 2 to February 11 and 7000 rubles from February 12 to 29. Suppose the refinancing rate changed from 8% for the period from February 2, 2012 to February 9, 2012 to 8.25% for the existing period from February 10 to 19, 2012, and finally reached 8.5% in the period from February 20 to February 29, 2012. The interest can be calculated according to the formula presented above. The amount of additional payments will amount to 68.87 rubles. So, now you know not only what penalties are and by what principle they are charged, but also how to calculate tax penalties correctly. Good luck in business, do not overdue!