MinTax Group

TAX CALENDAR FOR 2014

For the taxpayers performing payments to the budget on the basis of special tax regimes (STRs)

This rule does not apply to taxpayers engaged in the budget calculations based on STR for legal entities producing agricultural products, aquaculture (fish farming) products and rural consumer cooperatives.

Abbrevation:

1. SLT – Single Land Tax;

2. The RoK Law on IF of the TC – the Law on introduction of the RoK Code “On Taxes and Other Obligatory Payments to the Budget” of 10 December 2008 # 100-V

3. PIT – Personal Income Tax;

4. CIT – Corporate Income Tax;

5. The Tax Code or TC – The the RoK Code “On Taxes and Other Obligatory Payments to the Budget” of 10 December 2008 # 99-IV;

6. VAT – Value Added Tax;

7. OPC – Obligatory Pension Charges;

8. P – Payments;

9. LWRSS – Levy for the use of water resources of surface source;

10. LDE – Levy for the discharges into environment;

11. ST – Social Tax;

12. STR – Special Tax Regime;

13. SC – Social Charges;

14. SR – Simplified return.

This Tax Calendar has been prepared for the taxpayers performing payments to the budget based on the following STR:

1. STR based on SR. Effect of subparagraph 1 of paragraph 1 of Article 426 of the Tax Code was suspended until 1 January 2013. This subparagraph is effective in the following wording, according to Article 8 of the RoK Law on Introduction of the TC into effect:

1) STR for small business enterprises includes:

•  

  • STR on the basis of a patent;

  • STR on the basis of the SR;

2) STR for farming on the basis of payment of the single tax;

3) STR for legal entities, producers of agricultural products (fish culture) and rural consumer cooperative.

FEBRUARY 2014

REPORTING
Date	Name	Clarification	Reporting tax period	Legislative justification of the reporting or payment
15	SR	SR as per Form 910.00	4 quarter 2013	p. 1 of Art. 437 of the TC
Payments
25	PIT, SC, OPC	P of amounts of PIT withheld from income of IE in the amount of ½ of the tax amount assessed, SC in the amount of ½ of the tax amount assessed less amount of SC, SC from income for assessment of SC, OPC from income for OPC assessed	4 quarter 2012	p. 2 of Art. 437, Art. 438 of the TC

AUGUST 2014

REPORTING
Date	Name	Clarification	Reporting tax period	Legislative justification of the reporting or payment
15	SR	SR as per Form 910.00	1st 6 months of 2014	p. of 1 Art. 437 of the TC
Payments
25	PIT, SC, OPC	P of amounts of PIT withheld from income of IE in the amount of ½ of the tax amount assessed, SC in the amount of ½ of the tax amount assessed less amount of SC, SC from income for assessment of SC, OPC from income for OPC assessed	1st 6 months of 2014	p. 2 of Art. 437, Art. 438 TC

FEBRUARY 2014

REPORTING
Date	Name	Clarification	Reporting Tax Period	Legislative justification of the reporting or payment
15	SR	SR as per Form 910.00	2nd 6 months of 2014	p. 1 of Art. 437 of the TC
Payments
26	PIT, SC, OPC	P of amounts of PIT withheld from income of IE in the amount of ½ of the tax amount assessed, SC in the amount of ½ of the tax amount assessed less amount of SC, SC from income for assessment of SC, OPC from income for OPC assessed	2nd 6 months of 2014	p. 2 of Art. 437, Art. 438 of the TC

NOTE:

According to paragraph 2 of Article 427 of the Tax Code, STR on the basis of simplified return establishes the simplified procedure of assessment and payment of ST, CIT and PIT, except for taxes withheld at the source of payment. Assessment, payment and presentation of tax reporting on taxes and other obligatory payments to the budget which are not specified in this paragraph shall be performed in accordance with the standard procedure.

2. STR for farm household and farm enterprise based on payment of SLT

MARCH 2014

REPORTING
Date	Name	Clarification	Reporting tax period	Legislative justification of the reporting or payment
31	Tax return	Presentation of the Tax return as per Form 920.00	for 2013	Art. 447 of the TC

APRIL 2014

REPORTING
Date	Name	Clarification	Reporting tax period	Legislative justification of the reporting or payment
10	SLT, ST, PIT, LWRSS, LDE	Final settlement on SLT on R (Form 920) amounts assessed from 1 October to 31 December	October-December 2013	subpar. 2) of par. 1 of Art. 446 of the TC

NOVEMBER 2014

REPORTING
Date	Name	Clarification	Reporting tax period	Legislative justification of the reporting or payment
10	SLT, ST, PIT, LWRSS, LDE	P of amounts of assessed from 1 January to 1 October, but not later than the specified date	January-October 2014	subpar. 2) of par. 1 of Art. 446 of the TC

NOTE:

1. According to paragraph 1 of Article 442 of the Tax Code, payers of single land tax are not payers of the following taxes and other obligatory payments to the budget:

1. PIT from income from activities of farm household and farm enterprise, including income in the form of amounts received from funds of state budget to cover costs (expenses) connected with activities to which this STR is applied;

2. VAT – on turnovers from carrying out activities to which this STR is applied;

3. Land tax and (or) levy for the use of land plots – on land plots used in activities to which this STR is applied;

4. Tax on transport vehicles – on taxable items specified in subparagraphs 1), 2) of paragraph 3 of Article 365 of the Tax Code;

5. Property tax – on taxable items specified in subparagraph 1) of paragraph 4 of Article 394 of the Tax Code.

2. Assessment and payment of taxes and other obligatory payments to the budget that are not specified in paragraph 1 of this Article, and presentation of tax reporting on them shall be performed in accordance with the standard procedure.

Payers of the SLT have the right voluntary to file a tax application to the tax authority concerning registration on VAT.

(p. 3 of Art. 442 of the Tax Code is set forth in new wording of the RoK Law No. 61 dated 26 December 2012 -V):

3. When carrying out activities to which the special tax regime is not applied for farm household and farm enterprise, the payers of the single tax are obliged to maintain separate accounting of income and expenses and property and make assessment and payment of related taxes and other obligatory payments to the budget on the specified types of activities in accordance with the standard procedure.

4. If there are cases specified in paragraph 3 and 4 of Article 441 of the Tax Code, income of a taxpayer received from the date of application of generally established or other STR shall be subject to taxation, accordingly, in accordance with the standard procedure, or other established STR (Article 442 of the Tax Code as amended by p.4 of the RoK law No. 61 dated 26 December 2012 -V).