How to get a tax refund with interest

Often there are situations when the tax office remains “owed” to the taxpayer. If she does not repay the debt on time, she will be obliged to pay you interest. How to get them, says Danara Ohrina,

Overpayment most often occurs when:

the taxpayer mistakenly made a payment “in the wrong place”; the tax authority twice wrote off the amount on demand; the total amount of tax on the declaration turned out to be less than the advance payments were made.

However, there are other reasons as well. For example, when exporting. If a company purchased goods from Russian suppliers with VAT at a rate of 10% or 20%, and then sold for EXPORT at a VAT rate of 0%, then it turned out that the budget owes it. In recent years, overpayments have also arisen due to the fact that the state provided companies with payment deferrals as a support measure related to covid-19 .

It is important to understand that the advance payments that the taxpayer transfers to the budget during the year are also listed as an overpayment until the tax authorities process them. However, this overpayment cannot be refunded. Therefore, the taxpayer first of all needs to figure out whether the overpayment that he sees when reconciling with the tax is available for a refund.

How to understand that there is an overpayment

If the tax authorities detect an overpayment, they notify the taxpayer of this within 10 days (clause 3, article 78 of the Tax Code of the Russian Federation). You can independently find out about the overpayment by submitting the following documents for reconciliation with the IFTS: