the transition to UAT individual entrepreneur is exempt from the three main taxes by replacing it with a single rate.Thus, the unified agricultural tax payment includes:
- value added;
- income;
- property.
Thanks ESHN individual entrepreneur can no longer care for the payment of VAT.However, there are cases in which an exception.As an example, the supply of imported raw materials for production.Value added tax is calculated as the goods pass the customs.
course, taxation SP not limited to three basic taxes.Other compulsory payments to the budget shall be calculated, accrued and paid to the Tax Code of the procedure.In this regard, from an economic entity is required to calculate the period of the approved amount of the tax and transfer it to the account of the relevant budget organization, promptly report the inability to make payments, keep a clear history of all transfers to the budget over the past few years and their storage.
UAT is very convenient: the individual entrepreneur is able to simplify the filling of the documentation, ie significantly reduced the volume of paperwork.In addition, it becomes easier to keep accounts and for small businesses is a significant advantage.However, not all economic agents involved in agriculture have the right to move to a single tax.Thus, according to existing laws, this right can take advantage of companies that:
1. Engaged in sales, production and processing of products included in the general list, approved by state authorities.
2. Get sufficient profit, which makes it possible not only to cover the costs incurred, but also to ensure the next cycle of the production process.The tax authorities require that part of the income is not less than 70%.
3. is not the owner or co-founders of the companies belonging to the gambling business.It is also not subject to the transition to a single tax agency producing excisable goods, and budgetary organizations.If the employer arranges a company that provides services for the processing of agricultural products, that claim to be accrued ESHN he should not.
transition to UAT individual entrepreneur can implement immediately after registration.On submission of the application to the relevant authority it is given five working days from receipt of the official status.Entrepreneur annually confirms the tax system, so at the beginning of each reporting period, it may submit an application to the calculation of the future of the single tax.Government agencies have set deadline for applications from 20 October to 20 December of the reporting period.The transition from the simplified system of taxation on ordinary business entity is entitled to exercise a free manner and at their own discretion.
single agricultural tax is a huge help in the work of a small business.However, this advantage is not only difficult to obtain but difficult to keep.In the case of at least one violation of the requirements to be met by such organizations, the entrepreneur will have during the month to notify the tax authority and make a full recalculation of tax replaced three.Then he must pay the difference, taking into account the identified default interest.The only way the company can avoid the charge of serious penalties.If done in time, the company will take advantage of a contingency fund but will keep stable production.
