Russian legislation obliges legal entities to calculate and pay taxes. This includes income tax, property tax, and VAT. The Tax Code of the Russian Federation regulates the procedure for the calculation, accrual and payment of all mandatory payments. When calculating your tax, you must be extremely careful. If you make a mistake, you will have to submit a revised declaration, and this can lead to a desk or field check.
Instructions
Step 1
VAT refers to federal taxes. Legal entities, individual entrepreneurs are recognized as payers. This tax is calculated on value added. The tax period is equal to a quarter. The VAT rate is 0%, 10% and 18%. The latter is most often used. To determine the tax amount, you must keep a record of all invoices issued and received. To do this, you need a sales book and a purchase book, it is in these magazines that tax documents should be registered.
Step 2
How is VAT calculated? Let's say in the reporting period you purchased purchases in the amount of 80 thousand rubles (including VAT 18%). In the same quarter, you sold products worth 80 thousand rubles (including VAT 18%). Thus, the amount of VAT on purchased goods will be: 80 thousand rubles * 18% = 14, 4 thousand rubles. And the amount of VAT on sold products: 100 thousand rubles * 18% = 18 thousand rubles. That is, you have to pay 18 thousand rubles to the budget - 14, 4 thousand rubles = 3, 6 thousand rubles.
Step 3
Income tax is also a federal tax. It is charged on the profits earned. Payers are legal entities, as well as foreign organizations that operate on the territory of the Russian Federation. The income tax rate is 20%. To calculate this tax, you must determine the taxable income for the reporting period (sales revenue). Subtract the deductible expenses of the organization from the amount received (Chapter 25 of the Tax Code of the Russian Federation). Then multiply the difference by 20%.
Step 4
If the organization has property on its balance sheet, you must pay tax. The amount of the payment depends on the total amount of assets. According to article 380 of the Tax Code of the Russian Federation, the tax rate should not exceed 2.2%. To calculate the tax, multiply the residual value of the property by the tax rate. Let's say you purchased property, the amount of which is 100 thousand rubles. Depreciation deductions are 10 thousand rubles. Thus, the property tax will be equal to (100 thousand rubles - 10 thousand rubles) * 2, 2% = 1, 98 thousand rubles.
