How to pay LLC income tax

In accordance with Article 246 of the Tax Code of the Russian Federation, organizations must calculate and pay profit tax to the federal budget. In addition to Russian companies, foreign companies operating in Russia are recognized as payers. The income tax rate is 20%. You need to pay tax annually, and each quarter you must calculate and pay advance payments to the budget.

Instruction manual

1

First of all, determine the taxable income of the organization. This includes revenue, non-operating income (for example, interest on a deposit, a positive exchange rate difference, the value of property received under a gratuitous contract, etc.). Remember that income received in the form of an advance payment is not included in the tax base if the product is not shipped or work has not been completed. Also, the contributions of members of the company to the authorized capital, borrowed funds, funds of targeted financing are not income.

2

Calculate the deductible expenses. They must be economically sound and documented. This may include expenses for the manufacture and sale of products (for example, remuneration of labor, depreciation of property, acquisition of materials) and more. The deductible expenses do not include fines, penalties and other expenses specified in article 270 of the Tax Code.

3

After the income and expenses are determined, calculate the profit of the organization for the third year. To do this, subtract expenses from income. If you had losses last year, subtract them from your profits. Multiply the resulting number by the income tax rate (20%).

4

Suppose you are selling food that you purchase in another region. Revenue in the current year is 1, 100, 000 rubles. The cost of goods is 400, 000 rubles. Costs include:

- salary of personnel - 120 000 rubles;

- rent for premises - 180 000 rubles.

Last year, the company revealed a loss of 20, 000 rubles. Thus, taxable profit is calculated as follows: revenue (1, 100, 000 rubles) - cost of goods (400, 000 rubles) - staff salary (120, 000 rubles) - rental of premises (180, 000 rubles) - loss of previous years (20, 000 rubles) = 380 000 rubles. This amount must be multiplied by the income tax rate: 380, 000 rubles * 20% = 76, 000 rubles.

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