Tax accounting policy (general taxation regime)

Employer / organization​ · Document date Approve the tax accounting policy and listed appendices with effect from Effective date. Responsible person: Person responsible for tax accounting​.

Activities: Activities and material transactions​. The policy shall be applied consistently under Articles 313–314 of the Tax Code of the Russian Federation (НК РФ). Separate tax registers shall be used. Approved forms, responsible persons and preparation procedure: Registers shall be prepared from source documents and contain a title, period, measurements, transaction descriptions and identification of the responsible preparer. Calculations shall allow a tax return figure to be traced back to its source document. Changes to data shall be supported by grounds and preserve the correction history.

Additional details reflecting actual circumstances: Tax accounting registers​. Source documents, checks, corrections and retention: Source documents shall be accepted after checking their details and connection with the business. Expenses shall be assessed for justification, documentary evidence and compliance with recognition conditions. Financial and tax accounting shall be reconciled for permanent and temporary differences. Retention shall be organized by document type and prescribed period; documents concerning losses carried forward and asset costs shall be retained with regard to special requirements. Additional details reflecting actual circumstances: Source documents, reconciliations and retention​.

Income and expenses shall be recognized using the accrual method under the Tax Code, regardless of payment, except where the law provides otherwise. Valuation of materials and purchased goods: The method selected below shall be applied consistently to homogeneous groups. For items requiring individual identification, cost shall be substantiated for each unit. Groups and justified exceptions shall be specified in the additional details. Additional details reflecting actual circumstances: Valuation method for materials and purchased goods​. Depreciable property: Depreciable property and its original cost shall be determined under the tax recognition conditions. For each asset, record the commissioning date, group, useful life, method and grounds for changes in cost. Land and other non-depreciable assets shall not be included in depreciation calculations. Accounting carrying amounts and useful lives shall not be transferred to tax accounting without an independent check. Additional details reflecting actual circumstances: Depreciation and accounting for depreciable property​. For services, establish a list of direct expenses and their recognition procedure: Direct expenses include material costs directly related to a specific output or service, remuneration of the employees involved and related insurance contributions, depreciation of production assets directly used, and other costs directly attributable on an economically justified basis. Specific items and cost objects shall be set out in the table; changes to the composition shall not be used to shift expenses arbitrarily.

Additional details reflecting actual circumstances: List and allocation of direct expenses​.

Preparation of VAT invoices, maintenance of registers, determination of the tax base and control of deductions: Transactions shall be checked for taxable status, place of supply, exemption and applicable rate. The tax base shall be determined at the prescribed time, with advances and subsequent supplies recorded separately. VAT invoices, corrections and adjustments shall be entered in the relevant registers; deductions shall be allowed only when all conditions are met and supporting documents are available. Advances received and tax previously calculated shall be reconciled upon dispatch, refund and changes in value. Additional details reflecting actual circumstances: VAT: invoices, registers and controls​. Rates and reliefs shall be applied to each transaction under current law; this policy does not establish arbitrary rates. The appendices form part of the policy. New transactions and legislative changes shall be reflected promptly in compliance with transition rules. Signatory’s position​ __________ / Signatory’s full name​ /; authority Basis of authority​.

When homogeneous materials are expensed and purchased goods sold, use the weighted average cost of the relevant group, calculated from documented receipts and balances. Apply the straight-line method of tax depreciation: calculate depreciation for each depreciable asset using its original cost, useful life and statutory changes. Direct expenses relating to services shall be recognized in full as expenses of the current reporting period without allocation to closing work in progress where this treatment is permitted for those transactions.

Before a tax return is filed, check register completeness, consistency of periods, loss carry-forwards, applicable restrictions, rates and reliefs. Relief shall apply only where entitlement and conditions are substantiated; the policy does not create a right to a deduction or exemption. Corporate profit tax advance payment arrangements shall be determined by the actual circumstances and the organization’s lawful choice; a payment calendar shall be maintained and updated separately. The unified tax account balance shall be reconciled with assessments and transfers; making a unified tax payment (ЕНП) does not in itself constitute a corporate profit tax expense. Distinguish legislative changes from changes to the selected method. Approve the application date, grounds and necessary transitional calculations; retain previous figures for review of earlier periods.