If the company pays quarterly advances, the income tax return must be filed quarterly. If it files monthly advances on actual profit — once a month. An annual return is filed at the end of the year.
How to fill out an income tax return
What happened. The Tax Service has updated the income tax return form for organizations. Here are the main changes:
- Order of the Federal Tax Service dated 02.10.2024 No. ED-7-3/830@ line 056 was added to subsection 1.1 of section 1, line 206 to subsection 1.2. They must reflect the code of the reason for registration — KPP — at the location of the organization;
- subsection 1.3 of section 1 is now called “Tax on certain types of income” — for example, interest or dividends. There is no longer a need to indicate the tax payment deadlines;
- appendix 1 to sheet 02 has been supplemented with new lines. Among them, 108 is for income in the form of interest on debts of any type and 109 is for income in the form of positive exchange rate differences;
- appendices 6, 6a, 6b to sheet 02 were excluded from the declaration. They concerned consolidated groups of taxpayers – voluntary associations of organizations that summarize their profits and losses;
- in sheet 02, the first two appendices will be called “Composition of taxpayer’s income” and “Composition of taxpayer’s expenses”.
The new form must be used for reporting for January or the first quarter of 2025 – depending on the selected filing frequency. Foreign organizations that operate in Russia through permanent representative offices will begin using the new form from 2026.
What does this mean for business. The new declaration must be completed taking into account large-scale changes in income tax from 2025. The main innovations are that the basic rate will increase from 20 to 25%, and IT companies will have to charge tax, but at a rate of 5% instead of 0%.