NDFL: Explanation of the abbreviation

All taxpayers sooner or later think about what kind of personal income tax identification. It will help to understand what kind of payment is in front of us. The fact is that if you do not know the true meaning of the abbreviation, then it is difficult to understand what exactly money transfers to the state treasury are going on. More precisely, it is impossible. Tax issues in themselves are extremely important. Especially if you do not know with what particular tax you are dealing with. Perhaps, you do not need to pay it at all? It is enough to know how to properly decipher personal income tax to understand this issue.

What is it

In fact, everything is extremely easy and simple. NDFL stands for "personal income tax". And it turns out that this decoding just describes our current payment. Who pays it? Individuals. How do they list it? With income.

In NDFL decryption, as you can see, is very simple. And to remember it simply, and the general idea of our today's payment is postponed in the brain without problems. Taxes on income of individuals - mandatory transfers from taxpayers. Nobody can escape from them. Only in exceptional cases. What can you say about this tax, if you specify it? What knowledge can be useful to taxpayers?

Who pays

So we got acquainted with the definition of the term personal income tax. How to decipher this abbreviation? Personal income tax. This is the name of this payment. But who is obliged to pay it?

As already mentioned, all taxpayers. But more precisely, only those who have taxable income. You can say, any citizens who earn money. And it does not matter how - from the delivery of real estate, or its implementation, or from official employment. If you have any income, then you will pay tax on it without fail.

Personal income tax can also include the definition of income tax. It is the same. It means the payment of money in a certain amount, which is listed as your profit. We can say that a working person pays personal income tax, while housewives and unemployed people do not. There are no exceptions. There is only a small list of cases that do not require payment of tax after receiving money.

Do not pay

So we figured out how to decrypt personal income tax. But only now I would like to understand what kind of income is not being paid by this payment. After all, there are exceptions. There are not so many, but they do.

For example, income tax is not paid with gifts from close relatives. That is, if someone gives you money / real estate or makes a gift, while being close relatives, no fees are needed. Otherwise, you will have to pay the due interest. By the way, individuals should give 13% of their profits. Here are some interesting rules in Russia.

In addition, the inheritance from close relatives, as well as the profit from the sale of property that is owned for more than 3 years is not subject to income tax. More precisely, we are talking about the sale. If you are renting out a property, you will have to pay taxes on it. There are no other exceptions.

how many

In NDFL decryption is extremely simple. We are dealing with a tax on personal income. Only here is one very interesting point - payment of this. It has already been said that personal income tax is paid at a rate of 13% of the received money resources. But there are exceptions. In addition, the procedure and terms of payments are set in the Russian legislation. And they will have to comply.

For example, the feature of our today's payment is the amount of this under certain circumstances. In general, personal income tax is 13%. But if it is a question of a treasure, for example, or a prize, it is necessary to give to the state of 35%. And this does not end with surprises.

Foreign citizens also pay personal income tax. They were less fortunate in this regard. If a foreign citizen has income in the territory of the Russian Federation, he will have to pay as much as 30% of it. And no less. Quite a lot, if you think about it. But such rules are in force in the country. There are no exceptions and can not be.

Order and terms

Now we know what NDFL is (the abbreviation was explained above). And what is the order of payment of our today's payment? Are there any restrictions and deadlines? Of course, they take place.

What is it about? Income tax, as a rule, is declared. More precisely, you submit to the tax authorities a declaration of their income. It is necessary to do this until April 30. And the report will be for the previous year (for example, in 2013 you report for 2012). Terms for the payment of personal income tax are also in place. Individuals must complete the payment before July 15. But most often they pay in advance.

What does it mean? The advance payment is made together with the filing of the tax return - by April 30. A very popular technique that is used by many. You can just deal with your debts once and sleep peacefully. But do not hurry. If it is not possible to make an advance payment, you have the right to wait until July 15 inclusive. Next will be the debt.

Deductions

In NDFL decryption is extremely simple. But it can not be said that in some cases taxpayers can get a tax deduction. That is, to return 13% from the transaction. This possibility is extended only to those who pay income tax.

You can recover money for real estate transactions (including mortgages), as well as for the treatment, training and purchase of any goods. If there are underage children, you have the right to a special deduction. It is called "On children". Due to it, the tax base with which you pay personal income tax is decreasing. A very useful thing.

All deductions are processed by the tax authorities in the presence of an application, proof of expenditure, income, taxable income, and other important documents. This includes: TIN, SNILS, certificates of marriage / divorce / birth of children, accreditation and license, certificates of ownership of something. The declaration is also submitted without fail. So remember: if you pay personal income tax, you can in some cases apply for a tax deduction. It's not so hard really!