Every year, changes are made to the work of accounting. In a series of articles, we will look at the main changes that came into force in 2021.
Now only electronic reporting.
The transfer of all organizations to electronic reporting is coming to an end, regardless of the size and scope of activity. In 2020, small and medium-sized businesses could submit their reports to the tax service on paper.Paper accounting is a thing of the past. All organizations, including small businesses, are required to submit accounting reports in electronic form. For those who do not want or can not afford to buy a program for submitting reports, will be able to fill out reports through personal account on the website of the Federal Tax Service. It is applied from the reporting for 2020. Document: Law No. 444-FZ 28.11.2018.
We submit the report on financial results according to the new form.
In 2019 there was a new form of the Report on Financial results. It was of a recommendatory nature and not all of them passed it with the tax service. The main adjustments in the form were related to the changes that were made to the accounting of PBU 18/02. From the reporting for 2020, the new Report on financial results will have to be filled out by all accountants. It is applied from the reporting for 2020. Document: Order of the Ministry of Finance 19.04.2019 No. 61n
State aid should be reflected in the organization’s balance sheet.
Accountants need to reflect in the balance sheet data on the amount of state aid received, used and remaining at the disposal of the organization. In separate lines of the balance sheet, must be specified: the unused balance of the provided budget funds as part of the target financing; accounts receivable for budget funds accepted for accounting; accounts payable for the return of budget funds recognized in accounting; deferred income that the organization recognized as part of short-term liabilities when receiving state assistance to finance current expenses. It is applied from the reporting for 2020. Document: Order of the Ministry of Finance 04.12.2018 No. 248n.
The report on the number of employees is no longer available. The report on the average number of employees has been cancelled. Now, data on the average number of employees must be submitted once a year as part of the RSV, starting with the reporting for 2020. For the first time, information about the number of personnel in the RSV must be specified in the calculation for 2020, which is handed over until February 1, 2021, inclusive. New RSV applies from 1 January 2021, with the financial statements for the year 2020. Document: Law No. 5-FZ of 28.01.2020.
Avoiding of submitting a report to the Pension Fund on the form of the CV-TD in time or incomplete/unreliable information in the report, the head of the organization may be fined from 300 to 500 rubles. A warning may be issued for the first violation. Introduced on January 1, 2021. Document: Law No. 90-FZ of 01.04.2020, item 8 of Article 1.
New indicators in the financial statements for 2020.
On discontinued operations and assets for sale In the financial statements from 2020, it is necessary to disclose information about discontinued operations until all calculations for these activities are fully completed. Previously, such information was reflected in the financial statements only until the reporting period in which they ceased operations. Moreover, the calculations for the discontinued operations may not have been completed. The accounting statements should reflect information about the termination of the use of long-term assets for sale in accordance with PBU 16/02. Non-current assets are: fixed assets and other non-current assets that the organization does not use because it decided to sell (with the exception of financial investments); tangible assets for sale that remain from retiring non-current assets or that were recovered during repairs, modernization, or reconstruction. Non-current assets for sale are accounted for separately as part of current assets. If the organization does not use non-current assets for sale, this should be reflected in the financial statements as part of the information on discontinued operations. It is applied from the reporting for 2020. Document: Order of the Ministry of Finance of 05.04.2019 No. 54n
New product traceability reports.
From July 1, 2021, organizations will have a new obligation under paragraph 2.3 of Article 23 of the Tax Code of the Russian Federation. You will need to submit reports on transactions with goods subject to traceability, and documents containing traceability details. Organizations that make transactions with goods that are traceable should submit new reports. We are talking about goods released on the territory of the Russian Federation in accordance with the customs procedure for release for domestic consumption. Effective from July 1, 2021 Document: Federal Law of 09.11.2020 No. 371-FZ
From July 1, 2021, there will be new obligations in connection with the traceability of goods New forms of reports on cash flows abroad Russian citizens are required to regularly submit reports on the movement of funds on accounts in foreign banks to the tax authority at the place of residence. The Federal Tax Service has prepared recommended electronic formats for reports on cash flows on accounts with foreign banks. Citizens submit reports according to the forms and rules approved by Government Resolution No. 1365 of 12.12.2015.
Companies and sole proprietors report according to the forms approved by Resolution No. 819 of 28.12.2005. To ensure that the taxpayers were able to submit the information in electronic form, on his letter 19.10.2020 № VD-4-17/17065@ leads formats: KND 1112520 – statement of cash flow of a natural person – resident account (Deposit) in the Bank and other financial market located outside the territory of the Russian Federation; KND 1112521 – report on the movement of funds of a resident legal entity and an individual entrepreneur-resident on an account (deposit) with a bank and other financial market organization located outside the territory of the Russian Federation. Effective from December 15, 2020. Document: Letter of the Federal Tax Service dated 19.10.2020 No. VD-4-17/17065@
New declaration on excise taxes on gasoline.
By order of FNS of Russia from 13.10.2020 № ED-7-3/747@ approved a new form of Declaration for excise taxes on gasoline, diesel fuel, motor oil, diesel, gasoline, fuel-injected engines, naphtha, middle distillates, benzene, paraxylene, orthoxylene, aviation kerosene, natural gas, cars and motorcycles. The new form was adopted in connection with changes in the Tax Code of the Russian Federation, due to the recognition of excisable products of dark petroleum products, including fuel oil. Document: Order of the Federal Tax Service of Russia No. ED-7-3/747 of 13.10.2020@
Increased penalties for failure to submit reports on CFC Failure to submit tax documents confirming the amount of CFC profit or submission of knowingly false information faces a fine of 500,000 rubles. Failure to provide the documents entails the collection of a fine from the controlling person in the amount of 1 million rubles. Document: Federal Law No. 368-FZ of November 9, 2020 entered into force on December 10, 2020.
More options for the recognition of non-submitted statements.The cases in which the tax statements will be considered unrepresented are defined. If the tax authorities find that: the tax return was signed by an unauthorized person; the statements were signed by a disqualified person; the statements were signed by a deceased person; an entry was made in the Unified State Register of Legal Entities about the unreliability of information about the manager who signed the report, and this entry appeared in the register earlier than the date of reporting; in respect of the entry was made in EGRUL about termination of a legal entity prior to the date of reporting (of the exception record from the registry, reorganization, liquidation); in the calculation of insurance premiums there are errors referred to in paragraph 7 of article 431 of the tax code; in the VAT Declaration detected differences with the control ratios. Entered into force on January 1, 2021. Document: Federal Law No. 374-FZ of November 23, 2020
Small businesses do not conduct mandatory audits.
The criteria for conducting a mandatory audit of financial statements have been changed. Previously, a mandatory audit was conducted if the organization’s revenue for the previous year exceeded 400 million rubles or the number of assets – 60 million rubles. Now the financial criteria for a mandatory audit of revenue have been increased from 400 to 800 million rubles, and the number of assets in the balance sheet – from 60 to 400 million rubles. Shall enter into force on 1 January 2021. Document: Federal Law No. 476-FZ of 29.12.2020.
Notification of registration of the largest taxpayers.
The Federal Tax Service has approved a new form of notification of registration of the organization as the largest taxpayer. In particular, the reference to the OKATO code is excluded from it. Shall enter into force on 1 January 2021. Document: Order of the Federal Tax Service of Russia No. ED-7-14/837 of 24.11.2020@