Choice of taxation system
Posted: Tue Jan 07, 2025 5:07 am
The financial burden on business directly depends on the taxation system. There are five main systems: the general taxation system (GTS), which involves the payment of VAT, income tax and property tax.
There are four special systems: the simplified taxation system (STS), the automated simplified taxation system (ASTS), the patent taxation system (PTS) and the single agricultural tax (SAT), which is only suitable for agricultural producers.
Special tax systems offer a more simplified luxembourg whatsapp phone number system of reporting and payments, which is especially important for beginning entrepreneurs. When choosing a simplified tax system and an automated system of taxation, it is important to decide on the object of taxation: "income" or "income reduced by the amount of expenses incurred" (the so-called "income minus expenses").
AUSN is a relatively new regime, currently available only in Moscow, Moscow and Kaluga regions and the Republic of Tatarstan. Both individual entrepreneurs and legal entities can switch to this regime if their annual income does not exceed 60 million rubles, and the residual value of fixed assets is 150 million rubles.
The choice of tax system affects the financial stability of the business. Consult with a qualified lawyer or accountant to determine the most advantageous option for your case.
Opening a current account
A current account will be required to pay rent, utilities, taxes and other expenses related to the store's operations. To open an account, provide the bank with a package of documents.
For individual entrepreneurs, as a rule, a passport and a card with signature samples of persons authorized to carry out transactions on the account are sufficient. For LLCs, the list of required documents is slightly wider:
charter of the organization;
a card with samples of signatures of persons authorized to carry out transactions on the account;
documents confirming the election or appointment to office of persons specified in the card;
documents certifying the identity of officials or persons authorized to manage funds in the account.
However, it is better to clarify the full list of documents with the bank's support service. By the way, choosing a bank is also an important step. Study the offers of different banks and choose the one that offers the most favorable service conditions, including fees and interest rates on loans (if planned).
There are four special systems: the simplified taxation system (STS), the automated simplified taxation system (ASTS), the patent taxation system (PTS) and the single agricultural tax (SAT), which is only suitable for agricultural producers.
Special tax systems offer a more simplified luxembourg whatsapp phone number system of reporting and payments, which is especially important for beginning entrepreneurs. When choosing a simplified tax system and an automated system of taxation, it is important to decide on the object of taxation: "income" or "income reduced by the amount of expenses incurred" (the so-called "income minus expenses").
AUSN is a relatively new regime, currently available only in Moscow, Moscow and Kaluga regions and the Republic of Tatarstan. Both individual entrepreneurs and legal entities can switch to this regime if their annual income does not exceed 60 million rubles, and the residual value of fixed assets is 150 million rubles.
The choice of tax system affects the financial stability of the business. Consult with a qualified lawyer or accountant to determine the most advantageous option for your case.
Opening a current account
A current account will be required to pay rent, utilities, taxes and other expenses related to the store's operations. To open an account, provide the bank with a package of documents.
For individual entrepreneurs, as a rule, a passport and a card with signature samples of persons authorized to carry out transactions on the account are sufficient. For LLCs, the list of required documents is slightly wider:
charter of the organization;
a card with samples of signatures of persons authorized to carry out transactions on the account;
documents confirming the election or appointment to office of persons specified in the card;
documents certifying the identity of officials or persons authorized to manage funds in the account.
However, it is better to clarify the full list of documents with the bank's support service. By the way, choosing a bank is also an important step. Study the offers of different banks and choose the one that offers the most favorable service conditions, including fees and interest rates on loans (if planned).