Profit tax

The profit tax is one of the most important taxes paid by all enterprises that are located on the territory of our country. In the code he is fully devoted to chapter 25. For its calculation, there are some basic points.

First you need to know who pays income tax, and who is a defaulter. Payers are all Russian companies without exception, as well as foreign companies that carry out their activities on the territory of our country, who receive income through representations, and specifically from Russian sources.

Most of the foreign organizers of the Olympic Games, foreign marketing partners, companies that are broadcasters, and companies that have received the status of companies participating in the project that deals with various kinds of research and development do not pay income tax.

With regard to the issue of taxation, it can also refer to an individual. If a person engages in any entrepreneurial activity, he is obliged to pay income tax to individuals. All private entrepreneurs without exception must be registered with the tax service without fail and pay the established amounts. This tax is not tied to fixed earnings, but only to directly received incomes. The income tax, which is established for individuals, is paid not only by residents of the country, but also by citizens who are not themselves. The main thing here is that they receive income on the territory of Russia. If, for example, an entrepreneur is engaged in trade, then his obligations include the payment of VAT and income tax.

There is such a thing as an object of taxation. In fact, it is a tax on the profit that either an individual or an enterprise receives. For Russian enterprises, the tax is levied on the amount of income less the amount of expenses incurred. For foreign companies engaged in activities in Russia through the representation, also the payment of taxes after deducting the amount spent on expenses. If the foreign company received income from Russian sources, the tax is calculated on this amount.

Revenues can also be divided into those that are derived from the sale of any goods and services, and non-operating income. If the means of income are received in foreign currency, then the profit tax is calculated after its recalculation into rubles. The same can be said about obtaining income in conventional units.

Revenues from sales can be obtained through the sale of goods, services and works of its own production. Also from the sale of previously purchased goods or from property rights. Total revenue is determined by the amounts that come from the sale.

Revenues received outside the sale can be obtained from equity participation in various profitable companies, they can also be received from a negative or positive exchange rate difference. In addition, the profit can be obtained by paying the company penalties from partners that do not comply with the contractual points or from compensation for the damage caused. Profits can be obtained by renting out plots of land or living quarters. This can be the interest from the loan granted or the property received free of charge, as well as many other sources.

As already mentioned, the profit tax is accrued taking into account the expenses incurred, which in turn are allocated to groups. This can be documented and justified costs. The expenses that are deducted in calculating the tax should be directed solely at carrying out activities aimed at increasing the income received.