Finance, Taxes
Tax system for IP: how to choose the most effective
To choose a certain tax regime, you need to familiarize yourself with each one in detail and understand what kind of taxation system is most profitable for an IP.
Simplified system
Modern legislation involves the use of two types of "simplified":
- Payment of 5-15% of the amount of income received, reduced by the amount of expenditure (the percentage varies depending on the region);
- payment of 6% of the amount of income.
The choice of the taxation system for IP is largely dependent on the current tax legislation. So, there is another simplified mode - patenting, used only by IP. It is applied only on the basis of the decision of the local legislation on specific types of activity. The patent has power only on the territory of the entities where it was purchased.
Common system
This system can be attributed to the most severe taxation regime. It is used by those IPs that, when registering, did not apply for the transition to "simplified". The general taxation system for the IP of certain activities should be used without fail.
The specified mode provides registration as the payer of the tax to property, the VAT and НДФЛ. Also, all necessary reporting should be submitted to the controlling tax authorities.
What is the taxation system of an IP
Applying the general system of taxation, an entrepreneur pays for personal income tax from general income (from the results of all its activities), as well as from the income from which this tax was not paid. For the tax base are income, reduced by various deductions of professional, property and social nature.
The so-called UTII can be used depending on the region. If it is allowed in one area or another - it is possible to work, otherwise it is forbidden.
Entrepreneurs need to remember that it is impossible to combine a common and simplified taxation system. It is possible to combine only USN and UTII, as well as UTII and the general system.
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