Every year the company faces the need to accrue dividends to its participants and auctioneers. After all the necessary calculations have been made, the accountant needs to reflect the dividends and taxes on them in the reporting. Accounting depends on who the dividends are issued to and at what rate.
Instructions
Step 1
Read chap. 23 and Chapter 25 of the Tax Code of the Russian Federation, which establish the procedure for calculating dividends. Reflection of these payments in accounting and reporting is carried out according to the rules of PBU 9/99.
Step 2
Calculate the tax on dividends. To do this, first determine the rate for them. For individuals and legal entities who are residents of the Russian Federation, it is set equal to 9%. For non-resident individuals, the rate is 30%, and for foreign enterprises - 15%. The tax amount is determined by multiplying the rate by the amount of dividends paid.
Step 3
Reflect the accrual of dividends in the financial statements. Since dividends are calculated from the retained earnings of the enterprise, their accrual will be reflected in the debit of account 84. In their correspondence there will be account 70 "Payments with personnel on wages" or account 75.2 "Payments for payment of income with founders." Withheld taxes are posted on the credit of account 68 "Calculations of taxes and fees".
Step 4
Payment of dividends is reflected depending on the method in which it was carried out. If in cash, then account 50 "Cashier" is used, if by bank transfer, then account 51 "Current account". If the company has been accrued dividends on the shares of another organization, then such income is reflected in the debit of account 76 "Settlements with various debtors and creditors" and credit of account 96 "Reserves for future expenses".
Step 5
Recognize dividends as receivable to other income of the enterprise as soon as such profit occurs, in accordance with the terms of the contract or other supporting document. All operations for the distribution of dividends are reflected in the financial statements in the tax period when they occurred. In other words, on the date of the decision on the payment of dividends by the meeting of participants in the enterprise.
