Calculation of penalties at the refinancing rate
Calculation of penalties at the refinancing rate
In the Russian Federation, the introduction of the refinancing rateis quite large. The refinancing rate is defined as the amount of the ready interest that must be transferred to the Central Bank for the loan product. Calculation of the refinancing rate in the territory of the Russian Federation is made according to the approved formula.
Refinancing rate in the Russian Federation
At the current time, the refinancing rate isthe main indicator of the credit policy of the Central Bank of Russia. This rate is accepted for the calculation of penalties, fines and taxation. The refinancing rate is considered to be the basis of the monetary policy.
Calculation of penalties at the refinancing rate at the beginningWas adopted by the Central Bank was called - the rate for all credit programs. Since 1992, the size of this rate coincided with the rate for a lombard loan. Since 1993, the refinancing rate has reached the highest level and has been between 100 and 210%.
What is the formula for calculating the refinancing rate?
The official formula according to which theCalculation of the refinancing rate, is approved by the Central Bank of the Russian Federation. The size of the rate itself can be equated with economic stability, because it depends on almost all the characteristics of both the large organization and the characteristics of ordinary physical people.
The calculation of the interest at the refinancing rate is carried out according to a simple formula:
Penalty amount = (Amount * Interest rate) / 300 * days where
Amount - the amount under the loan agreement;
Interest rate - the rate established by the loan agreement
Days are the total number of days within which a delay in the loan agreement was formed.
Where is the refinancing rate applied?
For most people, the introduction of a bidrefinancing only with lending. But you need to take into account that the bet has other areas of implementation. According to the Tax Code of the Russian Federation, 1/300 part of the rate is charged for each day of payment overdue for any type of tax.
Also, the size of the refinancing rate is appliedwhen calculating the amount of taxation of personal income tax in the ruble equivalent. If the deposit rate exceeds the refinancing rate established during the deposit period, the deposit is taxed.
Tax base when receiving money from savingsWhen applying loan funds is also based on the refinancing rate base. In this case, the penalty is calculated at the refinancing rate, as well as 2/3 of the refinancing rate at the time of the extraction of income.
In this case, if the employer delaysPayment of wages, he must make a payment with additional compensation. The amount of compensation should be more than 1/300 of the established refinancing rate. Calculation of compensation occurs for each day of non-payment of wages.
Example calculation of penalties at the refinancing rate
Suppose your employer has delayed wages. At a rate of 20 thousand rubles for 5 days. In this case, the calculation of compensation is:
20 000 * 8.25% (the size of the refinancing rate as of March 11, 2014) / 300 * 5 = 27.5 rubles.
The amount, of course, is small, but for huge terms it will increase significantly.
