In this regard, the Tax Code will be supplemented with a separate chapter, which will include tax rates and sales caps for independent entrepreneurs. According to the developed concept, the fiscal regime for them provides for the payment of a single tax. Its rate will be 12% of the taxable amount, if it does not exceed the value of the maximum volume of supplies requiring registration as a VAT payer.
The single tax will include tax on income from entrepreneurial activity in the amount of 4% of the total amount of the single tax and mandatory state social insurance contributions – 8%. It will be distributed between the state budget and the local budget at the place of residence of the taxpayer declared in the Notification on the commencement of activity in the proportion of 3/1.
As single tax payers, independent entrepreneurs will not be obliged to keep accounting records for taxation purposes, as well as to submit tax returns, applications and reports to state authorities. They will be able to provide services and exercise professions from the relevant Classifier of Activities, which will be contained in government-approved lists. The lists will be periodically revised based on the results of monitoring and dialog with the business community.
An independent entrepreneur will not have the right to engage third parties to participate in the provision of services, and will not be entitled to deduct expenses for tax purposes. But he will be able to work without restrictions in one or more fields or professions at the same time, with exceptions expressly provided for by law. And will be entitled to provide services to both individuals and legal entities. Legal entities will be able to use their services up to 30% of the value of their labor costs in the relevant fiscal year.
