At the end of the reporting period, the taxpayerpay the advance payments are offset against the payment of a single tax on the basis of the period previously calculated advance tax payments are considered advance payments when calculating the single tax for the current reporting period and the tax for the tax period.
The reporting period shall be deemed the first quarter, six months and nine months of a calendar year.
The tax period is a calendar year.
Advance payments for the unified tax paidbefore the 25th day of the first month for the previous reporting period. Payable after a tax period, a single tax is paid by 31 March of the year following the previous tax period. Sometimes taxpayer after payment of the single tax, as well as the deliveryDeclaration detects an error, leading to the fact that the advance tax, according to the declaration, overstated or understated. The taxpayer in this case has the right to eliminate inaccuracies by applying a revised tax declaration.
If the error has been corrected amount of tax increases, it is necessary to take the revised declaration is mandatory. Besides, taxpayerin will have to pay a penalty. In the event that the down payment was paid in the amount greater than necessary, to submit a revised declaration is not necessary, since the overpayment will be counted in the next reporting period.
The minimum tax is paid in casethe total amount of the estimated tax for the tax period is less than the sum of minimum tax. The amount of minimum tax for the tax period shall be calculated at a rate of 1% of the tax base, which is determined in accordance with the Tax Code. To account for the tax should be the total amount of revenues that increase the tax base according to the Book of the account multiplied by 1%.
Usually, the tax authorities are in no hurry to return unduly paid an advance payment, so taxpayer must deduct the overpaid amount on accountpayment of the single tax in the next year, starting with the first quarter. The annual declaration of payment of advance payments should be listed, otherwise, the tax authorities may not recover the overpaid amount.
Besides, taxpayer may include in the calculation of the tax basethe next period in the difference between the cost paid minimum tax and flat tax calculated. The amount unduly paid taxes against future payments under the single tax only on the basis of an application taxpayera.