Single tax payment: what will happen in 2023

Law No. 263-FZ of July 14, 2022 amended the Tax Code of the Russian Federation to introduce a single tax account for organizations and entrepreneurs. They will come into force on January 1, 2023, which will entail significant changes in the systems for paying taxes and contributions.

This law introduced the concepts of a single tax payment, a single tax invoice, a funded obligation, as well as changed the provisions governing the fulfillment of the obligation to pay taxes and fees, the procedure for forced collection, the conditions for granting a deferral, installment plan, investment tax credit, accrual of fines, offsets and refunds taxes and other regulations.

The changes will also affect income tax, VAT, property tax, transport and land taxes. This article will consider how innovations will affect the payment of taxes for individuals. individuals, individuals and organizations.

Why do you need a single tax payment (UTP)

With today’s tax payment system, there are quite a few points that need to be taken into account in a payment order for organizations, individual entrepreneurs and individuals. individuals to pay taxes. Also, errors may occur when transferring payments, from which it follows that the funds may not come to the right account, debt may arise due to which penalties will be charged, etc.

Thanks to the Single Tax Payment, the payment operation is simplified by combining tax amounts in one payment order, which will lead to the fact that the possibility of debts and overpayments on payments from the payer will be reduced to zero. It will be much easier for taxpayers to keep abreast of their balances with the state.

Also, the tax service will no longer issue requirements separately for each hung payment.

The new mechanism for paying taxes involves the following innovations:

-each taxpayer (with some exceptions) opens a single tax account;

– within the established time limits, the taxpayer makes a single summarized tax payment on it instead of paying a number of separate taxes;

– when calculating, only the TIN and the total amount are indicated;

-tax reporting is submitted and taxes are paid on the same terms (now different payment terms are provided for different taxes, including advance payments).

The tax authorities will distribute the funds received on the account independently. The Ministry of Finance and the Federal Tax Service, the authors of the bill, considered that such a system would significantly reduce the document flow of taxpayers, as well as the number of errors in filling out payment documents and the number of disputes.

The changes introduced will have a positive impact on reducing the cost of paying taxes. However, at the initial stage, technical difficulties with the introduction of this system for both taxpayers and territorial tax authorities are not ruled out.

Attention should be paid to the correctness of the transfer by the tax authority of the current indicators of settlements with the budget to a single tax account. For these purposes, it is recommended to request reconciliation reports with the tax authority in advance, as well as work on the return of overpaid or overcollected taxes. There are cases when the territorial tax authority may consider that the overpayment amounts arose after the expiration of the period for their return, and will not take them into account when forming the balance on the single tax account. In this case, the date when the taxpayer should have learned about the formation of an overpayment from him will not be taken into account by the inspection.

Despite the above advantages, there are some disadvantages. For example, it can be assumed that during the widespread introduction of this tool, organizations and entrepreneurs will need time to adapt.

Results

It would be better to prepare for innovations in the tax payment system by the beginning of 2023, and also, if there are disputes with the tax authorities, to be able to document your position to it.

This new system will significantly simplify tax payment operations, because it will save taxpayers from filling out most of the details, which will help to avoid errors, overpayments and penalties.

It should be noted that the tax service will simplify the procedure for reconciliation of taxes with the budget. I would also like to note that the business will have a certain advantage, which is expressed in the fact that timely submission of tax calculations and submission of notifications to the tax office, which in turn means that the possibility of late payments will be greatly reduced.