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Business Duty Officer

Amounts of damage, transferred to the budget

Amounts of damage, transferred to the budget

In accordance with Art.. 270 Tax Code of the Russian Federation expenses in the form of penalties, fines and other sanctions, transferred to the budget (to state extra-budgetary funds), should not be taken into account in the formation of income tax. At the same time, the norm is not specified, what is meant by other sanctions, levied by government organizations, which for a long time caused controversy and disagreement.

Differing views have been expressed on the matter of, is it possible to equate the amount of damage, which the culprits transfer to the budget, to other sanctions, levied by government organizations. The situation is also aggravated by the. 13 p. 1 Art. 265 Tax Code of the Russian Federation, which is defined, that the costs of compensation for damage caused are related to non-operating expenses.

However, from next year, a clarification in the Tax Code on payments for compensation for damage will come into force., transferred to the budget, which will eliminate the above-mentioned uncertainty. And that means, that the institution will legally exclude such payments from the expenses, taken into account in the calculation of income tax.

For timely payment of taxes, as well as tax reporting, choosing a competent tax regime and monitoring changes in tax legislation is often necessary to seek help and advice from qualified lawyers. Legal support of the company's activities is a reliable way to avoid tax problems.

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