Tax liabilities: down payment

Tax payments are an integral part of our lives. There are many nuances in this area, for example, when drawing up a declaration, establishing a temporary payment procedure, and so on. Literacy in these matters will help to avoid many unpleasant situations, so it would be nice to consider what the advance payment means. This concept, at first glance, seems not so difficult, but there are several points here, knowledge of which would be useful.

Concept of advance payment

Advance payment in taxation is the amount of fees for certain activities, property and so on. The terms of payments and the procedure for deductions of preliminary imposition of duties are determined by Article 287 of the Tax Code of the Russian Federation.

One can note this fact that there is a choice of a method of preliminary payment of duties on income. So, the accountant has the right to calculate the amounts from the record of actual income for the past period or to make fees, the amount of which is determined based on the constant values of income and expenditure of the previous year.

Types of advance payments

Regardless of the form of the taxation system (simplified or basic), this type of payment is mandatory. Conventionally, several types of this concept can be distinguished:

• Deductions for profit. These amounts can be paid monthly or quarterly. In the first case, payments should be made no later than the 28th day. Payment of advance payments under the profit tax is made quarterly for 3 months, for half a year or for 9 months. For the last period, no payment is made, and the duties accrued during this time are included in the general annual report. At the same time, all payments are recalculated, and in the event that incomes are actually higher than those taken with the deduction of advance fees, they make an additional payment. With a negative difference on the part of the state (tax authorities), a refund is made.
• Advance payments for land tax. The process of deductions can also be carried out at the end of each quarter and in the general order at the end of the year.
• Customs duties. Here you can also make payments in advance, this type of payment is relevant for the constant importation of goods. At the same time, it is possible to make an advance payment to the account of the customs organization, and when submitting the declaration, employees will write off the necessary amount from the contributed funds. It is considered that it is very convenient - you do not need to go through the payment procedure every time and so on. However, in practice, there are some negative aspects of prepayment. For example, the customs can delay the introduction of advance fees, and in some cases this structure is entitled to write off these funds to the federal budget. This can happen in such situations as incorrect choice of the method of disposition of advances, absence of the application of the person who made the funds, and others.
• Excise payments. This type of taxation is also referred to the advance fees, introduced by the amendments to Chapter 22 of the Tax Code of the Russian Federation of July 14, 2011. According to this document, producers must make payments no later than the 15th day of each reporting period. The amount of payments is determined by the total volume of alcohol used in obtaining alcoholic products, and rates for excise.

Advance payment is considered a convenient type of payment of amounts for tax purposes. This method of calculation allows you to save time and makes it easier to compile accounting documents.