UTII: rate, deadline and deadline for the payment of UTII

UTII is a special system of taxation, under which an entrepreneur pays taxes based not on actual, but on imputed (potentially possible) income. Imputed income is regulated by the state and is established, according to the legislative acts of the Russian Federation, depending on one or another type of activity. The main factor determining this income is the set of physical indicators of activity, such as the staff of employees, the area of storage facilities, the area of trade halls, the number of vehicles.

About what kind of activities are taxed imputed tax, prescribed in the laws of the city or district. Local authorities independently control this issue and determine at the city level the period of payment of the UTII and what kind of activities are subject to UTII, and which is not.

Tax returns on imputed income, like any other declaration, are filled at the end of the tax period.

The UTII rate is calculated by local authorities, based on the territory and activities. Payment of the tax on the potential income for individual entrepreneurs replaces the mandatory payment of personal income tax and a tax on property belonging to an individual, for legal entities - income tax, value added tax and property of the organization. However, the payment of UTII, according to Russian legislation in the field of taxes, does not exempt from payment of transport and land tax, as well as from payment of state duty and excises.

The deadline for submission of the UTII is the twentieth day of the first month of the next quarter (tax period). The form by which the tax return on imputed income is completed is approved on January 23, 2012 by the order of the Federal Tax Service of the Russian Federation. The rate of this unified state tax is equal to fifteen percent of the amount of potential income. The UTII is calculated as the product of the tax rate on the tax base, that is, the value expression of the imputed income.

The period of payment of UTII to the budgetary system of the Russian Federation is no later than the twenty-fifth day of the first month of the coming quarter (tax period). The tax is paid by the taxpayer at the place of registration with the local tax authority. For example, the period of payment UTII for the first quarter of 2013 should not be later than April 25, 2013. At the same time, tax returns for the first quarter of 2013 are submitted no later than April 20.

It is important to note that the procedure and deadline for the payment of UTII, in accordance with the principles of taxation of the Russian Federation, imply a compulsory quarterly tax payment. In case of violation of the law, fines are imposed on both individual entrepreneurs (natural persons) and untimely payment (organizations) (legal entities) . For failure to comply with the terms of payment and violation of the norms of tax legislation, a penalty is charged, which is one-hundredth of the refinancing rate of the Central Bank of Russia. The timeliness of the submission of tax returns and the timing of the payment of taxes UTII are regulated by paragraph 1 of Article 346.32 of the Russian Tax Code.