On the basis of paragraph 18 of Art. 250 of the Tax Code of the Russian Federation, payables that are written off after the expiration of the limitation period for tax purposes is recognized as unrealized income of the enterprise. Legislatively established a certain procedure for writing off the resulting debt for certain taxes.
Instructions
Step 1
Check out clause 21, clause 1 of Art. 251 of the Tax Code of the Russian Federation, which establishes that when determining the tax base for calculating profit tax, one should not take into account the amount of the company's accounts payable for the payment of fees, taxes, fines and penalties to the state budget.
Step 2
Write off federal taxes and levies arrears that cannot be collected for economic, legal or social reasons and are recognized as hopeless, in accordance with Decree No. 100 of the Government of the Russian Federation of February 12, 2001. Regional and local unpaid fees and taxes are recognized as hopeless and are written off by the executive bodies of the Russian Federation and local government.
Step 3
Reflect the written off accounts payable as unrealized income, in accordance with paragraph 18 of Art. 250 of the Tax Code of the Russian Federation. Carry out this procedure on the last day of the reporting period for which the statute of limitations expires. The amounts of taxes calculated on the object of written off payables refer to unrealized expenses. In this regard, when calculating the base for income tax, only the cost of products is used, excluding the amount of VAT for which the debt was formed.
Step 4
Make deductions for VAT amounts that have not been paid when purchasing products and are taken into account, according to the amount of the resulting accounts payable. Prior to the expiration of the statute of limitations, there is no right to deduct input VAT in the accounts payable plan, as this write-off will not be recognized as payment.
Step 5
If there is no payment of the debt, then you, as a taxpayer, deduct value added tax in the first tax period after the expiration of the limitation period. This procedure for writing off VAT on accounts payable is regulated by clause 9 of article 2 of Federal Law No. 119-FZ of July 22, 2005.
