The comment of the letter of GNAU on inquiry of Balans-Agro newspaper editorial office concerning transition of agricultural enterprises – payers of the profits tax in accordance with general practice for the annual tax period provided by item 11.1 of the Law on profit is given.
Edition of "Balans-Agro" made an inquiry in GNAU concerning transition of agricultural enterprises – playotelshchik of the profits tax in accordance with general practice for the annual tax period provided by item 11.1 of the Law on profit.
It is known that such tax period is provided for agricultural enterprises, at which for last year (2006th) specific weight of a gross income from sale of agricultural products of own production prevyshaet 50 % of total amount of a gross income.
From the made comments letter follows that for transition to the annual tax period (which begins with 01.07.07) to the enterprise:
• it is necessary to present the declaration on the profits tax zapolgoda (from 01.01.07 to 30.06.07);
• then to pass to the annual tax period (from 01.07.07 to 30.06.08).
The period from 01.01.07 to 30.06.07 will be considered as the separate tax period, and the declaration should be presented to taxing authority within 40 calendar days following behind the last kalendaryony day of such reporting period, so, no later than 09.08.07.
We recommend to the enterprises to inform taxing authority that the enterprise perexodit for the annual tax period though it isn’t provided by the Law on profit. For this purpose no later than 10.05.07 (a deadline for the declaration on the profits tax for Ikvartal) it is necessary to present in any form:
• the notice of transition of the enterprise for the annual tax period;
• calculation of specific weight of a gross income from sale of agricultural products of own production in total amount of a gross income (according to tax accounting) for 2006.
To data: the present letter isn’t valid the normative legal act, and has informative character.
A.Kharitonova, accountant-expert of Balans-Klub firm.