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15:43 The tax base for income tax should be recalculated in case of error detection |
Recalculation
of the tax base for income tax, in case of errors in prior periods
should be conducted in the current period for the period in which
inaccuracies were found. Recalculation of the tax amount is also produced during the period in which were found invalid data.In
the current period to recalculate the tax base for profits will be
available only in case it is impossible to determine the time of making a
mistake or misstatement. Income tax expense also be restated in the current tax period.Russian Ministry of Finance of the recalculation of the tax base for income tax has expressed the opinionIn
its letter № 03-03-10/82 on August 25, 2011 Office explained that
actually the tax base for income tax should be recalculated for the
period in which mistakes were made. And if the period ahead of their appearance is not possible, it is necessary to have in the current tax period.It
was also noted that convert the tax base for profits in the current
fiscal period may be the case when the errors resulted in an overpayment
of income tax. In this case, the taxpayer is recalculated its tax base and income tax expense in the period of detection of the overpayment. And here it should be noted that not important or not possible to determine the period of making a mistake. Recalculation of the overpayment is always done in the current fiscal period.After reviewing the material relating to the tax base for income tax, we suggest you read the following news today:
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