Nowadays borrowings organization accompany almost all over her activities.With their help, modernized production, purchase raw materials, finally, just to replenish working capital.The source of such money are (mostly) banking institutions.But there is a unique type of loan, administered by the state, and with which you can solve problems with budget payments.This is an investment tax credit.
What is the essence of such a loan?Let us consider it in more detail.
Judging by the definition given in the Tax Code, such a loan is a deferred payment rather than loan funds.Indeed, the actual funds on it is issued, but after its registration the organization is allowed to pay taxes at a smaller size.
Despite the fact that the agreement is a public entity, the majority of the conditions are similar to those used by banks.Here you set the duration of the loan term and interest even (more often - very small).This defines property responsibility for non-payment are received performance guarantees
Issued
Despite the fact that tax debts can have not only the company but also individual entrepreneurs, the investment tax credit is issued only to legal entities.This is due to the peculiarities of property liability.The organization may be withdrawn for the debts of the mortgaged property, this may not be necessary, even a judgment.But to deprive a citizen of property is very difficult.The Civil Code is the guardian of private property, especially if it is critical to stay.
What needs
issued With regard to the subject of lending, more often this way extinguished income tax payment deadlines that violate very expensive.Sanctions will inevitably follow in the form of fines, and in the long delay and fines.When the amounts of payments that are inherent in it, all these amounts translate into significant investments.
noteworthy that the state worried about that this list is not too extensive.In addition to the income tax can be credited only certain types of regional and local payments in the budget.What is the mechanism
investment tax credit is a well-defined mechanism.The organization, which it is provided can, as we have said, to reduce the payments for the reporting period.However, the end point of the contractual relationship is taken when the amount of unpaid taxes equal to the amount of the loan.As a result, such an agreement looks from the outside as a resolution in the presence of debt.
In addition, you can reduce the payments only up to a certain limit.Legislation set this threshold to 50% of the amount of tax paid under normal conditions.
Such a loan must have a certain time frame.The minimum term is defined in one year, maximum - five years.During this time it meant that the problems will be resolved.
This situation may arise when the organization had to pay taxes is less than planned, and sometimes even making a loss.Then there is a surplus on the credit.It's simple: the amount of savings then transferred to the new accounting period.
course, organization, draws investment tax credit should be ready to strengthen control by the tax authorities.Firstly, it will have in preparing the contract to prepare a solid foundation and provide detailed reports on their financial activities.Second, the organization will be checked more frequently than usual.This always happens when using public funds.
