Account 68.02

Account 68 in accounting: calculations of taxes and fees

The Tax Code of the Russian Federation and the legislation of regions and municipalities provide for the obligation of an economic entity to calculate a number of mandatory payments to the relevant budgets.

With the help of tax registers, business entities determine the tax base for a specific tax and calculate the mandatory payment itself for a specified period of time. Tax accrual must also be shown in the accounting records.

For these purposes, account 68 is used according to the Chart of Accounts. This account records the occurrence of a tax liability in the form of a specific tax amount, and also reflects its transfer to the budget. Here the occurrence of underpayment or overpayment of a particular tax is determined.

The same account reflects the organization’s obligation as a tax agent, for example, for personal income tax, income tax or VAT.

Account 68 in the balance sheet is reflected in the fifth section as part of short-term debt, if it has a balance on the credit of the account, and in the second section as part of short-term receivables. Therefore, the location of the account balance determines whether it is active or passive.

Line by line it looks like this:

On line 1230 as part of accounts receivable (if there is an overpayment of taxes);
On line 1450 as part of other obligations when providing a deferment in the payment of taxes;
On line 1520 as part of accounts payable for the amount of accrued taxes, payment for which has not yet occurred.

Attention! The same account can reflect the organization’s settlements with the budget regarding the accrual and payment of assigned fines and penalties to the budget for late payment of taxes.

The procedure for compiling accounting entries for value added tax

VAT accounting is carried out according to the following accounts in the chart of accounts (Order of the Ministry of Finance of the Russian Federation No. 94n dated October 31, 2000):

68 “Calculations for taxes and fees”, subaccount 68.02 - accrual is recorded on the loan, the contribution calculated and paid to the budget for DS is carried out according to Dt 68;
19 “Value added tax on acquired assets” - to reflect input tax, but not reimbursed from the budget.

If an organization is engaged in the sale of goods, works and services, then VAT is charged on the operation - the posting will be as follows:

Dt 90, 91 Kt 68.

When purchasing products, the customer has the opportunity to reimburse the tax from the funds paid to the budget. This procedure is carried out as follows: the amount paid is separated from the purchase price and recorded in the account. 19:

Dt 19 Kt 60 - value added tax payment on acquired assets is accepted for accounting;
Dt 68 Kt 19 - VAT deductible (posting).

The contribution to the DS, subject to reimbursement, is accumulated on the debit of the account. 68, forming a payment that must be sent to the budget. The contribution is the difference between the turnover of Dt and Kt. In the case when the turnover on the loan account. 68 exceeds the debit amount, then the calculated amount is subject to payment to the budget.

Account characteristics

The accounting chart of accounts establishes that account 68 is intended to summarize information on the implementation of settlements with the budget for various tax payments. The same regulatory act determines where, in an asset or liability, this account is included. It is considered active-passive.

An account can have two balances simultaneously, both on the debit side of the account and on the credit side:

The debit balance of account 68 reflects the presence of overpayment of taxes at the beginning of the reporting period. The credit balance of this account determines the company's tax debt to the budget. Based on which balance, debit or credit, the following algorithm for determining the balance at the end of the period applies.
If the opening balance is debit, the debit turnover on the debit should be added to it and the credit amounts on the account should be subtracted from it. If the result is positive, it is reflected as a debit balance in account 68 at the end of the month.
If initially the balance at the beginning of the period was located on the credit account, then the turnover on the credit account 68 should be added to it and the debit turnover should be subtracted. If the result is greater than zero, then the balance is a credit balance and is located in the credit of the account. Otherwise, the balance will be reflected in the debit of the account.

Reflection of posting Dt 09 Kt 09 in tax and accounting reporting

Internal posting to account 09 does not affect the indicators of the general ledger and tax registers used to fill out accounting and tax reporting. But its implementation is necessary for the final reporting forms to be correctly filled out by an automated accounting system. If there is no internal posting to account 09 during automated reporting, the taxpayer may encounter software or amount errors.

Let's consider the reflection in the final reporting of transactions related to postings to account 09.

Example (continued)

Based on the results of the 1st quarter of 2021, Miralux LLC received income from its activities, reflected in accounting and tax accounting in the amount of 50,000 rubles. Tax losses taken into account last year are aimed in 2021 at reducing the income tax in full by posting:

Dt 68 (calculation of income tax) Kt 09 (deferred expenses) - 4,000 rubles.

Based on the amounts from the example given, the following lines of sheet 02 of the tax return for NNP are filled in:

Indicators	Line no.	2015	2016
Income from sales	010	—	50,000 rub. (income received from activities)
Expenses that reduce the amount of income from sales	030	20,000 rub. (tax expenses for depreciation are reflected)	—
Total profit (loss)	060	(RUB 20,000)	50,000 rub.
The tax base	100	—	50,000 rub.
The amount of loss that reduces the tax base for the reporting (tax) period	110	—	20,000 rub. (loss of previous years) (VVR for 2015)
Tax base for tax calculation	120	—	30,000 rub. (50,000 – 20,000)
Income tax	140	—	6,000 rub. (30,000 × 20%)

How to fill out an income tax return, see the article “What is the procedure for filling out an income tax return (example)?”

In the financial results statement, the transactions considered will be reflected in the following form:

Indicators	2015	2016
Revenue	—	50,000 rub. (income received from activities)
Administrative expenses	40,000 rub. (accounting expenses for depreciation are reflected)	—
Profit (loss) before tax	(40,000 rub.)	50,000 rub.
Current income tax	—	10 000 (50 000 × 20%)
Change SHE	4,000 rub. (debit turnover on account 09 is reflected)	(RUB 4,000) (credit turnover on account 09 is reflected)
Net income (loss)	(44 000) (-40 000 – 4 000)	44 000 (50 000 – 10 000 + 4000)

Subaccounts

Since the purpose of account 68 is to keep records of all transactions in a business entity related to the calculation and payment of taxes, then subaccounts to it should be opened for each type of such mandatory payments.

For example:

68/1 — Calculations for personal income tax;
68/2 — VAT calculations;
68/3 — Calculations for excise taxes;
68/4 - income tax calculations;
68/6 - calculations for land tax;
68/7 — calculations for transport tax;
68/8 - calculations for property tax;
68/10 - other payments to the budget;
68/11 - calculations for UTII;
68/12 - calculations for the single tax simplified tax system.

Attention! An organization has the right to open sub-accounts for itself only for those taxes that it actually pays. Therefore, the given list can be both expanded and shortened.

In addition to taxes, a business entity may be assessed fines and penalties. They can be accounted for in separate accounts within tax subaccounts, or you can open another subaccount 68/PENI, within which such payments can already be taken into account in terms of taxes.

The procedure for calculating income tax in UPP (according to PBU 18/02)

Errors that cause inappropriate behavior of the Income Tax Calculations document are not easy to find.

Firstly, its complex algorithm is to blame for this, and secondly, its actual implementation (for an example of the discrepancy between the declared functionality and the actual one, see below). The analysis is based on the soft starter code, but some points may be applicable for other configurations.

Speaking about the document “Calculations for income tax”, I mean that it is carried out in the “Calculation of permanent and deferred tax assets and liabilities and income tax” mode (first mode).

Attached to the document as a printed form is a reference calculation “Permanent and temporary differences”, but by default it is built in the “Permanent differences” mode, and can take quite a long time to build (up to 15-20 minutes). The same calculation certificate is available as a separate report, and then in the settings you can first select the type of difference you are interested in (temporary differences have always been more interesting to me personally).

There is also one unpleasant problem with it - according to the accounting type “Fixed assets”, the calculation certificate does not show accounts 03 and 02.02, although they participate in the calculation of deferred taxes. There may be other problems that are still unknown to me.

In addition, the calculation certificate form does not have “normal” groupings and is therefore very inconvenient to use.

Also attached to the document is another certificate-calculation “Calculation of income tax”, with which the story is exactly the same - it also takes a long time to form, is also inconveniently constructed, and is also by default not formed in the mode that is most interesting to us (it can show calculations based on BU data, but with permanent and temporary differences, and by default shows only BU data).

Corresponds with accounts

Account 68 can enter into transactions with the specified accounts.

From the debit of account 68 to the credit of accounts:

Account 19 - when deducting VAT on previously acquired inventory items;
Account 50 - such an entry can reflect the payment of various benefits to employees at the expense of the budget;
Account 51 - when reflecting the payment of tax to the budget from the current account;
Account 52 – when paying taxes to the budget from a foreign currency account. Considering the fact that such correspondence is directly stated in the chart of accounts, which is established by 94-N, it most likely will not occur in life, since payments to the budget must be made in rubles.
Account 55 - when paying taxes to the budget from special bank accounts;
Account 66 - if the repayment of tax obligations is carried out using short-term loan funds, while they themselves are transferred to the budget directly, without intermediate crediting to the organization’s account.
Account 67 - if the repayment of tax obligations is carried out using long-term loan funds, while they themselves are transferred to the budget directly, without intermediate crediting to the organization’s account.

By crediting the account, it enters into correspondence with the debit of the following accounts:

Account 08 - when allocating the listed fees, customs duties, and non-refundable taxes to the initial cost of capital investments;
Account 10 – when allocating the listed fees, customs duties, and non-refundable taxes to the original cost of materials;
Account 11 – when allocating the listed fees, customs duties, and non-refundable taxes to the initial cost of animals and young animals;
Account 15 – when allocating the listed fees, customs duties, and non-refundable taxes to the initial cost of materials, provided that the Accounting Policy provides for accounting for the purchase of materials through account 15;
Account 20 - when attributing the listed fees, customs duties, and non-refundable taxes to the costs of production of the main products;
Account 23 - when attributing the listed fees, customs duties, and non-refundable taxes to the costs of auxiliary production;
Account 26 – when attributing the listed fees, customs duties, and non-refundable taxes to general corporate expenses;
Account 29 – when attributing the listed fees, customs duties, and non-refundable taxes to the costs of auxiliary production and farms;
Account 41 – when allocating the listed fees, customs duties, and non-refundable taxes to the original cost of goods purchased for resale;
Account 44 - when attributed to costs associated with the sale of finished products, listed fees, customs duties, non-refundable taxes;
Account 51 - when returning from the budget to the current account in excess of the transferred amounts of taxes and other payments;
Account 52 – when returning from the budget to a foreign currency account in excess of the transferred amounts of taxes and other payments. Despite the fact that such correspondence is directly spelled out in the chart of accounts, which is established by 94-N, it most likely will not occur in life, since payments to the budget must be made in rubles.
Account 55 - when returning excessively transferred amounts of taxes and other payments to a special account;
Account 70 - when reflecting the withholding of personal income tax from employees’ salaries;
Account 75 - when reflecting the withholding of personal income tax from dividends accrued to the organization's employees;
Account 90 - when calculating taxes related to the sale of products (VAT, excise taxes, duties, etc.)
Account 91 - when calculating taxes related to the sale of other property (VAT, excise taxes, duties, etc.)
Account 98 - when reflecting taxes related to transactions of a future period;
Account 99 - when reflecting the accrual of income tax, as well as tax sanctions (fines, penalties).

Postings to account “68.02”

By debit

Debit	Credit	Content	Document
68.02	19.01	Manually reflecting VAT deduction on a commissioned fixed asset	Reflection of VAT for deduction
68.02	19.01	VAT deduction on a fixed asset put into operation	Generating purchase ledger entries
68.02	19.02	Manually reflecting VAT deduction on intangible assets	Reflection of VAT for deduction
68.02	19.02	VAT deduction on intangible assets	Generating purchase ledger entries
68.02	19.03	Acceptance of VAT deduction for downward adjustment of sales	Generating purchase ledger entries
68.02	19.03	Manually reflecting VAT deduction on material resources	Reflection of VAT for deduction
68.02	19.03	VAT deduction on inventories	Generating purchase ledger entries
68.02	19.03	Acceptance for deduction of VAT upon adjustment of receipts upward	Generating purchase ledger entries
68.02	19.04	Reflection of VAT deduction for work performed and services provided manually	Reflection of VAT for deduction
68.02	19.04	VAT deduction on work performed, services provided	Generating purchase ledger entries
68.02	19.05	Reflection of VAT deduction paid to customs authorities on imported imported goods manually	Reflection of VAT for deduction
68.02	19.05	Deduction of VAT paid to customs authorities on imported imported goods	Generating purchase ledger entries
68.02	19.07	VAT deduction on purchased goods for sale for export at a rate of 0%	Generating purchase ledger entries
68.02	19.07	Reflection of VAT deduction on purchased goods for sale for export at a rate of 0% manually	Reflection of VAT for deduction
68.02	19.08	Reflection of VAT deduction when constructing fixed assets manually	Reflection of VAT for deduction
68.02	19.08	VAT deduction for the construction of fixed assets	Generating purchase ledger entries
68.02	19.10	Deduction of VAT accrued when importing goods from the Customs Union	Generating purchase ledger entries
68.02	51	Transfer of funds from the organization’s current account to pay off debt to the budget for value added tax (VAT)	Debiting from current account
68.02	76.AB	Deduction of VAT on advance payment previously received from the buyer (advance payment)	Generating purchase ledger entries
68.02	76.VA	Deduction of VAT on advance payment (advance payment) transferred to the supplier	Invoice received

By loan

Debit	Credit	Content	Document
000	68.02	Entering opening balances: value added tax (VAT)	Entering balances
19.03	68.02	Reinstatement of VAT when adjusting the cost of receipt downward	Adjustment of receipts
19.03	68.02	Reinstatement of VAT on purchased inventories sold for export at a 0% rate	VAT recovery
19.04	68.02	Reinstatement of VAT on work performed, services provided for export at a rate of 0%	VAT recovery
19.08	68.02	VAT accrual for the construction of fixed assets using economic methods	Accrual of VAT on construction and installation work using the economic method
68.22	68.02	VAT accrual on goods sold for export is 0%, if the right to apply the 0% rate is not confirmed within the prescribed period	Confirmation of zero VAT rate
76.02	68.02	VAT accrual upon return to the supplier under a contract in rubles.	Returning goods to the supplier
76.22	68.02	VAT accrual when returning to the supplier under a contract in foreign currency	Returning goods to the supplier
76.32	68.02	VAT accrual upon return to the supplier under a contract in cu.	Returning goods to the supplier
76.AB	68.02	VAT accrual on advance payment received from the buyer (advance payment)	Invoice issued
76.VA	68.02	Recovering VAT on advance payment (advance payment) previously transferred to the supplier	Generating sales ledger entries
76.OT	68.02	Accrual of VAT on the amount of shipment of goods to a third party without transfer of ownership (if the setting is specified in the organization’s accounting policy)	Sales (acts, invoices)
90.03	68.02	Reinstatement of VAT when adjusting the cost of sales upward	Adjustment of receipts
90.03	68.02	VAT accrual on goods sold at an automated point of sale (retail, accounting at sales value)	Retail sales report
90.03	68.02	VAT accrual on services provided by an agent (accounting with the agent)	Report to the committent
90.03	68.02	VAT accrual on works and non-production services provided	Sales (acts, invoices)
90.03	68.02	Accrual of VAT on works and services of a production nature provided	Provision of production services
90.03	68.02	Accrual of VAT on goods sold by a commission agent (accounting with the principal)	Commission agent's report on sales
90.03	68.02	Accrual of VAT on goods sold by a commission agent (accounting with a commission agent, sub-commission agent)	Report to the committent
90.03	68.02	VAT accrual on goods sold at an automated point of sale (retail, accounting at cost of acquisition)	Retail sales report
90.03	68.02	VAT charged on agency fees	Report to the committent
90.03	68.02	Accrual of VAT on non-production services provided to several contractors	Provision of services
90.03	68.02	VAT accrual on services provided by the agent (accounting with the principal)	Commission agent's report on sales
90.03	68.02	VAT accrual on goods sold, materials, finished products	Sales (acts, invoices)
90.03	68.02	VAT accrual on goods sold at a non-automated point of sale (retail, accounting at sales cost)	Cash receipt
90.03	68.02	VAT accrual on goods sold at a manual point of sale (retail, accounting at cost of acquisition)	Cash receipt
90.03	68.02	Write-off of VAT when returning goods, materials, finished products from the buyer (reversal)	Return of goods from the buyer
91.02	68.02	Accrual of VAT on the sale of returnable reusable packaging, which was previously transferred to the buyer and is registered with him	Reflection of VAT accrual
91.02	68.02	VAT accrual on sold fixed assets	OS transfer
91.02	68.02	Restoration of VAT on real estate	Restoration of VAT on real estate
91.02	68.02	VAT write-off when returning equipment from the buyer (reversal)	Return of goods from the buyer
91.02	68.02	VAT accrual on equipment sold under a contract in rubles.	Sales (acts, invoices)
91.02	68.02	VAT accrual on sold intangible assets	Transfer of intangible assets

Examples of wiring for dummies

Let's consider situations regarding the calculation and payment of various taxes

simplified tax system

Debit	Credit	Type of transaction
99	68/USN	An advance payment (tax) has been calculated according to the simplified tax system
68/USN	51	Advance payment (tax) has been paid

Personal income tax

Debit	Credit	Type of transaction
70	68/NDFL	Payroll tax withheld
73	68/NDFL	Deduction made from financial assistance
75	68/NDFL	Deductions were made from employee dividends
84	68/NDFL	A withholding was made from dividends of a third party
68/NDFL	51	Personal income tax transferred to the budget

VAT on sales of goods

Debit	Credit	Type of transaction
41	60	Purchased goods for resale
19	60	Incoming VAT reflected
68/VAT	19	VAT credited
62	90/1	Product sold to buyer
90/2	41	Cost of goods sold written off
90/3	68/VAT	VAT tax charged on the sale of goods
68/VAT	51	Tax paid to the budget

VAT on advance received

Debit	Credit	Type of transaction
51	62/AB	Advance received for goods
76/VAT	68/VAT	VAT is reflected on the prepayment received
62	90/1	Sales of goods reflected
90/3	68/VAT	VAT charged on sales
68/VAT	76/VAT	VAT has been deducted from the advance payment

Calculation of PNA and PNO according to PR

We look at the Tax accounting register by type of accounting PR in turnover on accounts 90 and 91 not in correspondence with the account. 99.01.

It is obvious from the entries that permanent differences are included in income tax calculations only after they are reflected in the income or expenses of the organization. Any balances of PR on the balance sheet accounts of assets or liabilities DO NOT AFFECT the tax calculation!

Postings are generated:

Dt 99.02.3 Kt 68.04.2 for the amount (TurnoverDt * Profit Tax Rate) – PNO

Dt 68.04.2 Kt 99.02.3 for the amount (TurnoverKt * Profit Tax Rate) – PNA

General rule:
If profit (income minus expenses) according to accounting data is greater than according to NU data, then a permanent tax asset (PTA) is formed, otherwise a permanent tax liability (PTA) arises.
Simply put: positive amount of PR in income * 20% = PNA; positive PR in expenses * 20% = PNO

Example:

Dt 26 PR for 100,000 rubles. – costs are reflected. At the end of the month, they will form a debit turnover on the account. 90.

Dt 99.02.3 Kt 68.04.2 for 20,000 rubles. – reflection of PNO

What does account credit 68 show?

The debit reflects information on transferring taxes to the budget or reducing tax liabilities in another way, for example, by deducting VAT. So, the debit accumulates the VAT amounts written off from account 19. The debit of account 68 shows (or rather, the final balance) that there is an overpayment of taxes.

The credit balance of account 68 shows that the taxpayer has arrears in paying taxes. The credit balance is reflected in the liability side of the balance sheet in line 1520 (clause 20 of PBU 4/99).

According to the credit of account 68, all mandatory taxes and fees paid by this taxpayer are calculated. Thus, in correspondence with account 99 the amounts of income tax are credited, with account 70 - income tax, etc.

Postings on the credit of account 68 look like this:

Dt 08 Kt 68 - tax assessment on land acquired for construction;
Dt 15 Kt 68 - expenses for paying taxes when procuring materials are reflected;
Dt 20 (23, 26, 29, 41, 44) Kt 68 - taxes and fees have been accrued;
Dt 51 (55) Kt 68 - return of overpayment/reimbursement of taxes to the taxpayer’s account;
Dt 70 (75) Kt 68 - income tax on employee earnings (dividends of founders) is withheld;
Dt 90 Kt 68 - calculation of VAT and excise tax on the sale of inventory items;
Dt 91 (98) Kt 68 - assessment of taxes on types of activities that are not the main ones;
Dt 99 Kt 68 - calculation of income tax.

Definition and causes of occurrence

A huge number of companies in the process of carrying out financial and economic activities are faced with such a concept as a deferred tax asset. Such a phrase, at first glance, seems somehow incomprehensible.

If we talk about the nature of account 09, then it is active. The debit part of it reflects the accumulated amounts of deferred tax assets, while the credit part reflects their write-off.

As for the definition of this concept, experts and current legislation explain it as the total difference in income tax, which is formed when a difference arises in accounting and fiscal accounting. The identified deviations according to fiscal and financial reporting data were defined as “deductible temporary differences”, i.e. they take place only for some time.

To put it simply, account 09 forms part of the income tax, which is transferred to the following reporting periods. Thus, companies and organizations postpone for a certain period of time the fulfillment of obligations to pay taxes to the budget.

During the next fiscal period, these amounts are accumulated in item 09 of the balance sheet for each business transaction separately. In this situation, their merging is unacceptable. At the end of this period, the result obtained is transferred to line 1180 of the balance sheet in the non-current assets section.

If we try to identify the reasons that lead to this situation, we should note the following factors:

the excess of the amount of tax paid to the state treasury over the amount of the accrued liability;
if, in accordance with the company’s accounting policy, a reserve fund is formed for the payment of vacation pay;
features of the procedure for making managerial and commercial decisions in fiscal and accounting reporting;
if the company suffered losses as a result of the sale of the fixed assets.

What does debit 68 credit 68 mean?

In VAT accounting, there are situations when the amount of incoming VAT is greater than that accrued upon sale. This happens, for example, when a company purchased more raw materials than it sold products. Or a large OS was purchased. Or the company built a new workshop on its own. Another situation with compensation arises for companies involved in exports.

If you receive a VAT refund at the end of the quarter, then the tax authorities can offset the amount of the refund against existing arrears, penalties, and fines not only for VAT, but also for other federal taxes - on the basis of clause 4 of Art. 176 of the Tax Code of the Russian Federation, wiring Dt 68 Kt 68.

If the taxpayer decides to receive a VAT refund to the current account, then when money is received from the budget, the accountant must make the following entry in the accounting:

Dt 51 Kt 68 - the amount of VAT to be refunded was returned to the current account.

Posting debit 68 to credit 68 means offsetting the overpayment (reimbursement) for one tax against the company's payments for other taxes.

Example

LLC "Sdoba" in the first quarter of 2021 acquired a production line for the production of confectionery products worth 5 million rubles, including VAT 762,711.86 rubles. In addition, during the quarter I bought raw materials, paid utilities and workshop rent - a total of 1 million rubles to be deducted for the first quarter of 2021. In the first quarter of 2021, I sold products worth RUB 2,360,000, including RUB 360,000. VAT. The difference between accrued VAT and input VAT was:

360,000 rub. – 1,000,000 rub. = –640,000 rub.

That is, a tax was generated for reimbursement from the budget. And for income tax in the first quarter of 2021, Sdoba LLC received a tax payable in the amount of 500 thousand rubles. The company submitted an application with a request to offset the budget debt in the form of a VAT refund against the payment of income tax for the first quarter of 2021. The tax authority agreed on the offset of taxes among themselves. Then, by posting between the subaccounts of account 68, the accountant can redistribute the overpayment of VAT towards the payment of income tax. The accountant of “Sdoba” will make the following entry:

Dt 68 subaccount “Income Tax” Kt 68 “Calculations for VAT” - for 500,000 rubles: VAT is credited for reimbursement for the first quarter of 2021 against the payment of income tax.

The company still has 140 thousand rubles left. overpayment of VAT, which can be offset by posting Dt 68 Kt 68 against taxes in the second quarter of 2021.

In what other cases can a company make an accounting entry Dt 68 Kt 68 ? In case of offset of overpayment between any taxes for which the Tax Code of the Russian Federation allows offset. And also when overpaying one tax is offset against penalties, arrears or fines.

Example

discovered in April 2021 an overpayment of personal income tax transferred for employees in the amount of 11,235 rubles. And for income tax, an arrears of 7,000 rubles were revealed. The company submitted an application to the Federal Tax Service with a request to offset the arrears against the overpayment. The tax office allowed the offset. The accountant made the accounting entry Dt 68 Kt 68 as follows :

Dt 68 subaccount “Calculations for income tax” Kt 68 subaccount “Calculations for personal income tax” - in the amount of 7,000 rubles: overpayment for personal income tax is offset against arrears for income tax.

The company asked to offset the balance of the overpayment against the fine for incomplete payment of the tax amount; the tax authorities agreed on the offset. Then the posting of Dt 68 Kt 68 should be detailed with the following subaccount:

Dt 68 subaccount “Calculations for income tax” Kt 68 “Calculations for personal income tax” - in the amount of 4,235 rubles: overpayment of personal income tax is offset against the fine for incomplete payment of tax.