Property tax is a compulsory regional tax paid to the budget by all land and real estate owners. The calculation of this payment is quite simple, however, accountants have questions about the procedure for reflecting it in accounting.
Instructions
Step 1
Check out the range of laws and regulations that govern and clarify how property tax is paid and recorded. In the Tax Code of the Russian Federation, it is worth referring to article 30; also mandatory for consideration is PBU 6/01 "Accounting for fixed assets". In addition, it is worth being guided by the territorial laws of the constituent entity of the Russian Federation "On the tax on the property of the organization" and the order of the Ministry of Railways of the Russian Federation dated 03.23.04, No. SAE-3-21 / 224. And, of course, do not forget about the Instruction to the Chart of Accounts.
Step 2
Define the group of expenses in which you want to include the tax on the property of the organization. In this case, this fee can be accounted for as part of the cost of services or goods, general or general production costs, and so on. Based on this, indicate in the accounting policy of the enterprise the principles of accounting for property tax and select the accounts on which it will be reflected.
Step 3
Remember that the assignment of property tax to a particular account should be completely logical. For example, for trading firms it would be more expedient to use account 44 "Sales expenses", for derivatives - accounts 20, 23, 25 or 26, and for service providers - account 91 "Other income and expenses".
Step 4
Calculate the amount of property tax recognized as an object of taxation. In this case, the tax base is taken at its residual value, and the tax rate must comply with the regulations adopted in your region. If the fee is paid from investment objects, then the inventory value of the property is used, determined in accordance with the Letter of the Ministry of Finance of the Russian Federation No. 160 of 12/39/93 "On accounting for long-term investments." If the facility is under construction, then such expenses must be reflected on account 08 “Investment in non-current assets”.
Step 5
Reflect the accrual of property tax on the credit of account 68 "Calculations of taxes and fees" in correspondence with the corresponding account. In some cases, it will be more expedient to open a sub-account on account 68 "Calculations for property tax", according to the accounting policy of your company. Reflect the payment of tax on the debit of account 51 "Current accounts".
