Individual entrepreneurs will be able to significantly save on taxes this year. To do this, you need to choose the most suitable taxation system and do not forget about the various advantages, registered Economist Stanislav Paulauskas, member of the financial market expert council of the State Duma committee, in his interview with the 360 TV channel.
Entrepreneurs can choose from tax systems, including general tax system (GTS), simplified tax system (USN), patent system (PSN), professional income tax (NPT) and unified agricultural tax (USAT). Additionally, residents of Moscow, Moscow, Kaluga regions and Tatarstan have access to automatic “simplified tax” (AUSN).
The economist also called for the use of tax breaks, including for office rent, employee salaries and job training costs. There are also additional tax incentives, including lowering the standard tax rate for a simplified tax system.
“In this case, the rate may be 1 percent for the “income” object and 5 percent for the “income-expenditure” object. To find out which rate applies in a particular region, you need to visit the Federal Tax Service website and select the appropriate region,” Paulauskas advised.
The economist reminded that an important measure to support entrepreneurs is the tax holidays that can be taken for two tax periods. True, this option is available for individual entrepreneurs registered more than two years ago.
The economist also listed reducing the amount of tax on insurance premiums among the ways to save money. Thus, in the absence of employees, it is possible to reduce the tax rate under the simplified tax system or patent to zero.
To the Federal Tax Service reported about plans to change the approach to calculating taxes for entrepreneurs. Thus, it was planned to transfer the responsibility of paying taxes to businessmen working abroad to private platforms.
Previously Ministry of Finance named The amount of taxes collected on companies’ excess profits.