Non-working days. Timing of reporting and tax payments
In cases where the last day of the period is the day recognized as weekends and public holidays, in accordance with the Legislation of the Russian Federation , the deadline expires is considered to be the next working day (paragraph 7, Article 6.1 of The Tax Code of the Russian Federation). This rule applies to any deadlines established for tax relations.
Considering the fact that non-working days do not belong to these categories, in our opinion, there are no legal basis for postpone the deadline of tax reporting, as well as the deadline for paying taxes.
However, we suggest that, in the absence of the possibility of many organizations to prepare reports during non-working days, the deadline for submitting reports and paying taxes should be postponed. And if the relevant law is not approved, fines should not be applied. A different approach would discredit the measures undertaken.
According to our information, a number of territorial tax inspections consider today’s date (30.03.2020) as the last day for paying income tax and filing of tax return. However, all of them admit that the specified terms can be extended. However, whenever possible, we recommend submit tax return and pay income tax today.
As for the deadlines of accounting statements, the Federal Tax Service of the Russian Federation in letter №07-04-07/24096 /EA-4-1/5303@ considered it possible to postpone these deadlines to 06.04.2020. This is related to that that under paragraph 47 of the Regulation on accountingGAAP 4/99 “Accounting statements of organization”, if the date of submission of accounting statements account for a non-working (weekend) day, the deadline for submission of reports is postponed to the first working day. This wording of the specified standarts allows you to move the deadline for submission of accounting statements.
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