Rate of the simplified tax system “Income”
The tax rate shows how much percent of income the state will have to pay. In most cases it is 6%. But there are regions that have reduced the rate.
In Crimea and Sevastopol the rate is 4%. In Sevastopol, you can pay even less - 3%, if you run a business from the list of preferential activities. In the Chechen Republic, the tax rate depends on the number of employees and ranges from 1% to 6%.
In Moscow, St. Petersburg and Yekaterinburg, the simplified taxation system rate is standard - 6%.
Find out on the tax website in the section “Features of regional legislation” what rate is valid in your region.
If your income for the year exceeds 164.4 million or there are more than 100 employees, then the rate for any region will increase to 8%.
Tax holidays for individual hotel owners
In conclusion, we note one more amendment introduced by the commented law. As you know, any subject of the Russian Federation has the right, before the end of 2022, to adopt a law introducing a zero rate for entrepreneurs on the simplified market who are engaged in certain areas of activity. Previously, these were the production, social and scientific spheres, as well as the sphere of providing household services to the population.
From September 29, 2022, services for providing places for temporary residence have been added to this list (new edition of clause 4 of article 346.20 of the Tax Code of the Russian Federation). If regional authorities pass a law introducing a “tax holiday” for a new field of activity, then entrepreneurs registered for the first time after the law comes into force will be able to apply a zero rate.
What is considered income under the simplified tax system?
Income under the simplified tax system is everything you earn from your business. Basically, this is income from the sale of goods or services. For example, you developed a website and received 100 thousand rubles for the work. Record the same amount in the income of the simplified tax system and pay tax on it.
There are also non-operating incomes that are not directly related to the business, but they also need to be taken into account. These include:
- interest on the current account balance;
- fines and penalties from partners for violated terms of the contract;
- compensation for damage from the insurance company;
- exchange rate difference when buying or selling currency at a rate that is more favorable than that of the central bank;
- gifts and other free property received;
- other income from Art. 250 Tax Code.
Most often, you receive income in cash. But there are non-monetary incomes, for example, with barter and mutual offsets, when you exchange one product for another. Such income also needs to be taken into account - in rubles at the market value of a similar product.
Convert income in foreign currency into rubles at the central bank exchange rate in effect on the day you receive the money. We talked about this in more detail in the article “How to pay taxes when making payments in foreign currency.”
