How to reflect interest in tax accounting

Penalties and interest may be assessed on the results of inspections in case of violations of the deadline for payment of taxes to the budget and extra-budgetary funds, payment in full amount, etc. penalties are also applied by the organizations-contractors for violating the terms of contracts (breach of term of delivery, term of payment under the contract, etc.). Fines and penalties must be properly reflected in the accounting and tax accounting of the organization.

Instruction

1. Reflect in accounting the accrued interest and penalties on taxes in the budget on account 99 "Profits and losses" by opening to it the corresponding subaccount. Make the transaction - the Debit of account 99 (sub-account "Interest"), the Credit of account 68 "Calculations on taxes and fees" (the subaccount "Interest"). Swipe to the account recording the date specified in the inspection report.
2. Don't take the expenses in tax accounting of fines and penalties. In accordance with paragraph 2 of article 270 of the Tax code of the Russian Federation these costs when determining the base for tax on profit are not included.
3. Make the transaction reflecting in the accounting records interest and penalties on taxes to extra-budgetary funds on the basis of the inspection or trial, the Debit of account 99 (sub-account "Interest"), Credit accounts 69 "accounts with off-budget funds"(the subaccount "Interest"). This type of expenses in tax accounting is also not taken into account (paragraph 2 of article 270 of the Tax code of the Russian Federation).
4. Guide to accounting fines and penalties organizations-contractors for violating the terms of contracts, making the transaction record: the Debit of account 91 (subaccount 2 "miscellaneous costs"), the Credit of account 76 (subaccount 2 "Calculations under claims"). The basis of the record will serve the claim or a judgment. In tax accounting take the amount paid for the violation of contractual obligations, non-operating costs at the date of recognition (subparagraph 13 paragraph 1 article 265 of the Tax code of the Russian Federation).
5. In the case that the organization receives (not pays) penalties and interest from the counterparty's breach of its obligations under the contracts reflect the received current account transactions amounts:
   - The debit of account 51 "Settlement account" the Credit of account 76 (subaccount 2 "Calculations under claims");
   - The debit of account 76 (subaccount 2 "Calculations under claims"), to the Credit of account 91 (subaccount 1 "other incomes").
6. Turn in the non-sale income in tax accounting amount due for fines and penalties at the date of recognition of the organisation-the debtor (item 3 of article 250 of the Tax code of the Russian Federation).