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Letter of the Main state tax authorities of Turkmenistan

Ref. No. 1076/5 of May 7, 1997

To the state tax authorities of Turkmenistan

For the purpose of the correct application of penalty fee and penalties on the payments of the value added tax which are not made at the scheduled time, the Main state tax authorities of Turkmenistan in coordination with the Ministry of Economics and finance of Turkmenistan report the following.

Since June 1, 1997 for all companies and the organizations paying the value added tax advance payments every ten days charge of penalty fee and application of penalties on the amounts of the advance payments which are not made in time is cancelled.

In case of untimely payment of the VAT according to tax calculations for the accounting period, charge of penalty fee and application of penalties it is made in generally established procedure. At the same time, in case of incomplete introduction of advance payments of penalty fee are estimated on difference between the tax amount estimated on monthly settlement and the sums of advance payments which are actually granted for this period taking into account shortage or overpayment for the beginning of month under report.

It must be kept in mind that on the tax amounts on value added which are additionally accrued as a result of the carried-out cameral and documentary inspections of tax calculations and accounting records application of penalty fee and penalties is also made in generally established procedure.

So, for example, on terms 13 and 23 dates of June, and also were brought on July 3 by the payer in the budget in the form of advance payments for the VAT respectively 2 million manat, 4 million manat and 1 million manat. By the provided calculation for June for line 11 " the value added tax is accrued in the amount of 10 million manat, and on line 13 "b" respectively, in case of the advance payments added in generally established procedure in the amounts of 5 million manat on three payment due dates, only 15 million manat the manat (15 million manat - 10 million manat) is shown to 5 million which are reflected in card of personal account as reduction.

Actually the tax by calculation was brought in the budget on July 27 the current year. Penalty fee in this case, in the absence of shortage for the beginning of month under report the manat is charged from July 21 to July 27 on the amount of 3 million (10 million manat - 7 million manat).

We pay your attention that in case of not drawing of payment orders by payers in organizations of banks on payment of the VAT advance payments, the procedure for drawing of orders by the state tax authorities to indisputable write-off of funds in the State budget from accounts of the payer in organizations of bank remains in force.


Deputy chief P. Pryanichnikov

it is approved:

Deputy minister of economy

and finance of Turkmenistan O. Agayev


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