Regulatory Alerts2024-01-18
Statistical Reporting Form No. 1-N "Report on Taxes and Other Mandatory Payments to the Budget"
The regulatory authority requires financial institutions to submit Statistical Reporting Form No. 1-N, detailing tax and mandatory payment balances, accrued amounts, paid amounts, and mutual settlements. The form standardizes reporting through specific codes for taxes, tax types, populated areas, and ledger accounts to track underpayments and overpayments across reporting periods. Compliance is governed by Instruction No. 258, which establishes the exact submission procedures and reconciliation requirements for budget payments.
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