All companies will file VAT returns in electronic format

Since the 1st of January 2014 the amendments to the Article 174 of the Tax Code of the RF have entered into force, according to them all organizations will be obliged to file VAT returns in electronic format from now on. As a reminder, such requirements applied earlier only to companies with the staff number more than 100 employees. The final form of the tax return and the rules of its filling are approved by the Ministry of Finance. The return is filed not later than the 20th day of the month following the tax period. There is the penalty at the rate of 200 RUB prescribed for the violation of the established procedure.

According to members of legislative body, such innovation will let speed up the administration process of tax levies and will contribute to well-timed response by origin of disputable situations. Also the experts note that the amount of organizations submitting tax reporting in electronic format is increasing annually. Thus, if in 2005 the amount of enterprises submitted electronic reporting did not reached 7%, then there were already practically 72% of such enterprises in 2012. According to the forecasts, this index will come close to 80% by the year 2015.

According to the data of the head of the Federal Tax Service of the RF (FTS) Mikhail Mishustin, about 500 taxpayers from 22 regions of the country signed up for the service access in 2013. By that the site of the FTS was visiting by more than 50 mln people during the previous year, that is by 5 mln people higher than in the year 2012.

First results of innovations can be estimated even now. Upon the application of Mikhail Mishustin, for 10 months of the year 2013 the measures taken for the improvement of the tax administration process let increase the total sum of tax collection to consolidated budget by 221,5 bln RUB, that is by 2,4% more than in the same period of the year 2012. In its turn the federal budget was refilled by 112,4 bln RUB.

According to the data of the Statistical Register, 3,859 mln companies and little more than 4 mln individual enterprises were registered on the territory of the RF at year-end 2012. The Information Agency Credinform provides you an opportunity to get the detailed information on a company you are interested in from the daily updated data base GLOBAS-i®.