**penalties**for the day (500 per day) should be governed by that agreement. If such a clause is not in the contract, be guided by norms of the civil code, i.e. charge

**interest**at the refinancing rate.

**of penalties**for one day of delay. Calculated according to the refinancing rate, it should be remembered that this annual rate. To calculate the

**interest**for one day, in the denominator indicate 360дней.

**interest**for one day multiply the number of days of delay.

# Advice 2 : How to calculate interest at the rate of refinancing

**refinancing**is a versatile instrument of monetary regulation used for multiple payment transactions of business life. The ability to calculate

**interest**at this

*rate*is especially important in civil law relations.

**of refinancing**establishes the Central Bank of the Russian Federation. Without going into economic details of the definitions and mechanisms of interaction of the Central Bank with other banks, the rate

**of refinancing**can be defined as a percentage value, under which the Central Bank lends to commercial banks. In addition, however, the rate

**of refinancing**is used in other monetary areas:

• Interest on ruble deposits in banks, exceeding the rate

**of refinancing**on 5 or more items are subject to tax on income of physical persons;

• The tax base from income from savings percentage under the credit agreement, calculated as the difference between 2/3 rates

**of refinancing**and the amount of interest on the loan.

• In case of violation of terms of payment of obligatory payments – taxes and fees – a penalty is charged, the amount of which is calculated as 1/300 part of the rate

**of refinancing**for each day of delay;

• In civil-legal relations if either party fails to fulfill obligations under the agreement, the other party has the right to charge

**interest**at the

*rate*

**of refinancing**in the amount of the debt, unless otherwise provided by contract.

**interest**at the

*rate*

**of refinancing**occurs most frequently. For this you need to clarify 3 things. First, the current size of the rate

**of refinancing**. Second, the number of days allowed by the contractor of delay. Thirdly, the exact amount of incurred debt. The current rate

**of refinancing**can be viewed on the website of the Central Bank.

**interest**at the

*rate*

**of refinancing**is quite simple. To do this, perform three mathematical operations:

1. Divide the rate

**of refinancing**by the number of days in a year

2. The resulting value and multiply by the number of days of delay

3. The resulting percentage and multiply by the amount of debt.

# Advice 3 : How to calculate interest on insurance premiums

**insurance**

**contributions**will need to source data such as date of occurrence and the planned repayment of debt, arrears and the refinancing rate in the period from the deadline for payment of the premium until the day when he was actually listed in one or another extra-budgetary Fund.

- - the date of the debt and its planned repayment;
- - arrears;
- - the refinancing rate in the period until the last delay.

*interest*is charged from the day following the late payment including the down payment, the late payment of premiums begins on the expiry of the deadline of their payment for the year. This date is the 31 December. And if you do not fit into this framework,

*interest*you should be charged from January 1 next year. If the Pension Fund of the Russian Federation has counted you

*interest*on advance payments and you have paid responsibly, the Fund should get the money back or take to offset your future payments.

*fines*are charged for all calendar days from the date of occurrence of delay, including weekends and holidays, from 1 January to the last day before the transfer of payment, inclusive. For the day of payment penalties is not considered.

**contributions**. If it has changed, will have to break up the time periods of each rate value and calculate the sum of penalties for each separately, and then add up the results. Refinancing rates for different periods can be found on the website of the Central Bank of the Russian Federation.

**contributions*** Number of days overdue * refinancing Rate / 100 * 1/300.

*http://www.glavbukh.ru/pencalc/*). Enter in the corresponding field the date of the insured debt and the expected repayment, the arrears amount and click "Calculate".

# Advice 4 : How to calculate interest on refinancing

- calculator;
- - the statement in Arbitration court, if the reasons for overdue payments respectfully.

# Advice 5 : Calculation of interest at the refinancing rate

**The refinancing rate in Russia**

Currently the refinancing rate is the main indicator of the credit policy of the Central Bank of the Russian Federation. This rate is adopted when calculating the fines, penalties and taxation. The refinancing rate is considered to be the basis of monetary policy.

Calculation of interest at the refinancing rate was initially adopted by the Central Bank was called - the rate on all loan programs. Since 1992, this rate began to match the rate on the Lombard loan. Since 1993 the refinancing rate reached the highest level and ranged from 100 to 210%.

**By what formula there is a calculation of the rate of refinancing?**

The official formula, according to which the calculation of the refinancing rate approved by the Central Bank of the Russian Federation. The size of the rate can be equated to economic stability, because it depend almost all the characteristics as a large organization, and characteristics of the usual physical people.

**Calculation of interest at the refinancing rate takes place by a simple formula:**

The penalty = (Amount * Interest rate) / 300 * where

The amount of the sum under the credit agreement;

Interest rate - the rate established by the credit agreement

Days total number of days within which formed delay under the credit agreement.

**Apply the rate of refinancing?**

For most people, the actual implementation of the refinancing rate only for loans. But you need to take into account that the rate is the rest of the field implementation. According to the Tax code of the Russian Federation charged 1/300 part of the rate for each day a payment is missed in case of delay in payment any kind of tax.

The size of the refinancing rate is used when calculating the amount of taxation personal income tax contribution in the ruble equivalent. If Deposit rate exceeds the refinancing rate, which is set during the period of the contribution, the contribution is taxable.

Tax base when receiving money from savings in the use of loan funds is also based on the refinancing rate. In this case, performed the calculation of interest at the refinancing rate as well as 2/3 of the refinancing rate at the time of deriving income.

In this case, if the employer delays payment of wages, he must pay with additional compensation. The amount of compensation should be more than 1/300 of the established rate of refinancing. The calculation of the compensation takes place for each day of non-payment of wages.

**Example of calculation of interest at the refinancing rate**

Let's say your employer has delayed salary. In the amount of 20 thousand rubles for 5 days. In this case, the compensation calculation will be:

20 000 * 8.25%, the size of the refinancing rate on 11.03.2014) / 300 * 5 = 27.5 RUR.

The amount, of course, small, but with the huge time it will increase significantly.