Legal Encyclopedia. The letter P

blame

(From the Latin poena -. "Punishment") - a sanction in the form of a fine, kind of penalty to be applied in case of delay in contractual and other obligations. P. is usually set as a percentage of the amount (price) of overdue liabilities and accrued for each day of delay.

This set off the tax authorities produce independently and during the 10 days are required to report it to the taxpayer.

Penalty in the amount of arrears is not calculated in the presence of tax arrears, which was formed in the period between the date of submission of the declaration and the date of the relevant compensation amounts and not exceeding the amount to be reimbursed by the decision of the tax authority, if the decision on the compensation made by the tax authority.

If the taxpayer has no tax arrears and fines for tax arrears and fines for other taxes payable for the award of tax penalties payable to the budget from which the refund,

the amounts that are recoverable, are offset against current tax payments and other taxes and fees that are payable to the same budget on taxes paid in connection with the movement of goods across the customs border of the Russian Federation in connection with the implementation of works (services) directly related to the production and sale of such goods, as agreed with the customs authorities or to be returned to the taxpayer on his application.

Not later than the last day of the term (not later than three months from the date the taxpayer submits a tax return and related documents) the tax authority decides on the amount of tax refund from the corresponding budget and within the same period forward the decision on the execution of the appropriate authority of the Federal Treasury.

The bodies of the Federal Treasury within two weeks after receipt of the decision of the tax authority is carried out to recover the sums. When the relevant body of the Federal Treasury at the end of seven days, counting from the date of the tax authority that such a decision is not received, the date of receipt of such

decision recognizes the eighth day, counting from the date of such a decision by the tax authority.

In case of violation of terms (within two weeks after receipt of the decision of the tax authority) in an amount that is refundable to the taxpayer, bear interest based on the CBR refinancing rate.