In the course of its economic activity, any enterprise is faced from time to time with violations of the law or the terms of contracts with counterparties. As a result, penalties and interest are charged, which, depending on the reason for their formation, are reflected in different ways in accounting.
Instructions
Step 1
Receive a notification from tax authorities or counterparties about the accrual of interest or penalties as a result of violations of the terms of the contract, deadlines for paying taxes and other obligations. You have the right to challenge this decision in court if you think it is unlawful. Otherwise, proceed with the reflection of this operation in the accounting of the enterprise.
Step 2
Reflect calculations on penalties and fines received for taxes or additionally charged as a result of acts of inspections, using account 68 "Calculations for taxes and fees". Legislation does not establish a clear procedure for opening transactions in accounting regarding violations of tax legislation.
Step 3
Also, on the basis of clause 2 of Article 270 of the Tax Code of the Russian Federation, do not refer these amounts to the calculation of taxable profit and do not lead to a difference between the accounting and tax reports. Based on this, subaccounts are opened on the debit account 99 “Profit and Loss” and on the credit of account 68 to reflect penalties and fines for tax payments with the appropriate name.
Step 4
Calculate the established penalties for late payment of insurance premiums to off-budget funds by opening a debit on sub-accounts of account 99 and credit on account 69 "Settlements for social insurance and security."
Step 5
Consider in accounting the penalties and penalties accrued in case of non-observance of cash discipline. Reflect such administrative responsibility of the enterprise by opening a debit on sub-accounts of account 99 and a credit on account 76 "Settlements with various debtors and creditors."
Step 6
Draw up on accounting the resulting penalty as a result of violations of the terms of the contract with the counterparty recognized on the basis of Art. 330 of the Civil Code of the Russian Federation. According to the Tax Code of the Russian Federation, in case of non-compliance with obligations under the contract, the guilty party records the accrued penalties as part of unrealized expenses as of the date of recognition of such a fine. Reflect contractual sanctions in accounting by opening a debit on subaccount 91-2 "Other expenses" and a credit on subaccount 76-2 "Settlements on claims".
