Throughout the year, the accountant is obliged to transfer the advance payments required by the income tax. Take a note, this recommendation is established for almost all organizations, without exception, and regulates that reporting covers periods limited to the 1st quarter, half a year, and nine months. Thus, advance payments are due at the end of all reporting periods.
Instructions
Step 1
The payment amount for the calculations of the 1st quarter by default is equal to the tax on the profits that you received in the 1st quarter. Bottom line: the advance payment after half a year is equal to the amount of profit for the half year. The amount of the advance payment for the 1st quarter is deducted from it. The payment for the result of nine months is equal to the tax on profits for the past nine months minus the advance payments for the 1st quarter and the last half of the year.
Step 2
You need to make monthly advance payments during each reporting period. When the reporting period ends, output the advance payment for the amount of this period. Compare it with the amount of monthly payments calculated within the boundaries of the given period.
Step 3
In the event that the monthly payments as a result are less than the final advance payment, you must pay the difference. On the contrary, if there is an overpayment, then you take it into account in future periods.
Step 4
In the 1st quarter, you charge the same advance payments that you made in October, November and December of the previous year. In the second quarter, take the tax on the profits made in the first quarter and divide it into three parts. This will give you the amount of advance payments for the month of April, May and June. In the next third quarter, take the amount of tax from the actual profit for six months, subtract from it the advance payment of the first quarter.
Step 5
Then again divide the result into three parts. You will be presented with the amount of monthly advance payments for the next three months. In the fourth quarter, take the tax on profits actually made in 9 months, subtract the advance payments for 6 months, and divide the result by three again. Your result is advance payments for the last decade.
Step 6
There is another way of calculating advance payments, calculated from the actual profit. You can take this method for yourself voluntarily, but you must notify the tax office no later than December 31st.
Step 7
Indicate that in the coming year you will submit the calculation of monthly advance payments, making calculations based on the actual profit received.
