The abbreviation of the CBC for a person who is not knowledgeable in taxation does not represent anything interesting, except for a set of numbers. At the same time, these numbers seemingly in payments and orders are indicated in a completely spontaneous manner and are not interrelated. In fact, it is not. CBC is the code, thanks to which cash arrivals will go there, where necessary.
What is KBK?
The CBC is decrypted as the budget classification code. What does it mean? This is a long list of numbers in which the information is encrypted and the necessary information is encrypted. Each number in this series is not accidental. It is an encoding of budget revenues to the country's financial system.
According to these numbers, it becomes clear, from where the payment fee came, where it goes, for what purpose, who is addressed to receiving the payment, and where the money goes ultimately.
The thing is that the budget is not one specific place where all monetary resources of the state accumulate. These are different directions and the CBC makes it possible to send tools in that sphere where they are the place.
How does it work on a specific example?
In order to show clearly the work of this system, you can take the tax system "CBC USN revenues minus expenses." This example is the most simple and visual. Those who pay this tax are enterprises, organizations that are on a simplified tax system.
These organizations are legal entities, they deduct taxes in the budget, for their account, such an article is formed by the cost of budget funds, as the payment of wages to those who work in the budget sector.
That is, it turns out that these private firms ensure contentment not only to their employees, but also contributing to taxes, pay the salary of doctors, educators and other people working in budgetary organizations.
Why were the CBK were introduced?
Before the codes of budgetary classifications were introduced, the appointment and recipient of the payment were indicated on any payment documents, but to track the path of funds after their introduction was not possible, it was not technical capabilities.
After the CBK was introduced, any amount, regardless of its size, you can safely track where she left when, where he got, whether it was distributed, or even redistributed.
The CBC system makes it easier to work organs that are engaged in the formation and distribution of budgetary funds. Management and monetary control are now easier and transparent than before the introduction of codes.
Decoding KBK
In fact, you do not need to spend time and try to decipher the BC code on your own, for this, special CBC reference books are created, where you can find an answer to the question of interest. For individual entrepreneurs and private firms, it is necessary to know codes in order to correctly fill out the bills and that their cash on them go there, where it is necessary, and it would not be necessary to return payments and all overrun.
The introduction of the budget classification codes facilitated the life of both taxpayers and organizations. Which are common budget of the country. It also made it possible to control the tax wellness of the regions.
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