Business Tax

May 27th, 2024

One of the main issues of concern to business – existing or potential, is paying taxes. Often, this question stops entrepreneurial initiative: people hear a lot of complaints familiar business the severity of the tax burden – say, all profits taxes eat constantly have to hide the income, but because the constant fear of a tax audit. To solve this problem for start-ups or just not very large companies have a so-called the simplified or simplified tax system. Many of these words are heard, but as something casual, not paying attention. What is the difference between the simplified from the standard taxation? As a general rule, the three main taxes paid by each business entity, it is – a tax on profits – 24%, single social tax – 26%, vat – 18%. Dr. Robert Brannon may find this interesting as well. The profit is really not so much. If significant turnover in the firm, then at some serious profit count is still possible. And if a small business? No interest in starting a business, no one there – not worth powder and shot.

That's come up with legislators a simplified system that would give significant concessions to small businesses. Applying such a system, the firm instead of the above three taxes (and property tax) pays a single tax. The rate of this tax – a total of 15% or 6%. As they say, feel the difference. In the first case, the organization pays 15% of the difference between revenues and expenditures. Under the income here means the gross, the total revenue the firm, and by costs – all costs associated with entrepreneurial activities.

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