All organizations, regardless of the form and type of activity, as well as the applied taxation system, must fulfill the duties of a taxpayer and tax agent. Tax agents are organizations that are charged, in accordance with the Tax Code, with withholding, calculating and transferring taxes to the budget.
It is necessary
- - documents for calculation;
- - withholding and transferring taxes.
Instructions
Step 1
Taxpayers and tax agents have the same rights. Tax agents are obliged to timely and correctly withhold income tax from the funds paid to taxpayers, transfer it to the budget and ensure the storage of documents necessary for calculating, withholding and transferring taxes for 5 years.
Step 2
In the event that it is impossible to withhold the amount of income tax, the tax agent must inform the tax authorities of such circumstances at the place of his registration, as well as the amount of the debt. This must be done within a month from the day when it became known about these circumstances.
Step 3
The withholding agent must keep records of both accrued and paid income. Accounting is organized in such a way that it is possible to provide information on each taxpayer. In addition, the tax agent must provide documents with which you can control the correctness of the calculation and withholding of tax to the budget.
Step 4
The duties of a tax agent to transfer tax appear in the following cases: - upon payment of income to a foreign company that is not related to its entrepreneurial activity;
- upon payment of income in the form of dividends to a company that is a taxpayer for income tax.
Step 5
Dividend means any income that is received from a company in the distribution of profits on the shares of this organization owned by the recipient, remaining after taxation.
Step 6
In order to determine the amount to be transferred to the budget from the income of the recipient of dividends, the total amount to be distributed in favor of all taxpayers should be determined. Then you should determine the amount of dividends received by the agent himself in the previous and current reporting period at the time of distribution of dividends.
Step 7
The amount of dividends from previous periods is taken into account only on the condition that it was not previously taken into account when determining the tax base. After that, it is necessary to determine the ratio of dividends payable and find the difference between the total amount to be distributed to dividends and the amount received by the tax agent. The resulting difference is then multiplied by the appropriate tax rate. If, as a result of the calculations, the value is negative, then there are no obligations to pay tax. No refund is then made either.
