Penalties and Fines Composing the Tax Debt: Similarities and Differences
The concept of tax debt in addition to arrears - the principal amount of the debt also includes such components as: fines and penalties, which are always considered as two different concepts. The conclusion was made about the similarity of nature of penalties and fines, the similarities and differences of these concepts were revealed, it was concluded that penalties as well as fines can be attributed to liability measures, an analysis of the composition of tax debts in the budget system of the Russia was carried out; wearing the dynamics of accrued tax revenues and tax arrears for the Russia, revealed the negative consequences of the occurrence of tax arrears for both the state and the taxpayer.