Individual entrepreneurs using the simplified taxation system should hurry up and submit their annual declaration under the simplified tax system. This was reported by the press service of the Federal Tax Service in Sevastopol.
The declaration is provided even if the entrepreneur did not conduct business or receive income in 2023.
Reporting must be submitted no later than April 25, 2024 for 2023. The declaration is filled out in the form approved by Order of the Federal Tax Service of Russia dated November 1, 2022 No. ED -7-3/1036@.
If an entrepreneur wants to clarify his reporting for previous years (2021, 2022), then the updated declarations are provided in the forms and formats that were in force in those periods.
Entrepreneurs who apply the simplified taxation system also pay advance payments – no later than April 25, July 25, October 25, respectively.
The tax at the end of the calendar year must be transferred on April 28th, respectively.
Taxpayers who apply the simplified tax system and have chosen income as an object of taxation can reduce the amount of tax (advance tax payments) calculated for the tax period by the amount of insurance contributions for compulsory pension insurance, compulsory social insurance in case of temporary disability and in connection with maternity, compulsory health insurance, compulsory social insurance against accidents at work and occupational diseases.
You can learn more about the aspects of applying the simplified taxation system in the section of the website of the Federal Tax Service of Russia in the following sections (Main page – Taxation in the Russian Federation – Taxes and fees in force in the Russian Federation – Simplified taxation system).
If you select “92 region Sevastopol” in the header of the site, regional information will also be available. Let us clarify that for Sevastopol taxpayers in 2024, reduced tax rates have been established. If the object of taxation is “income,” regional legislation sets rates from 4% to 1%.
For taxpayers who apply the simplified taxation system and have chosen “income reduced by the amount of expenses” as the object of taxation, the tax rate is 10% (and for certain types of income – a rate of 5%).
It is very important to comply with the reporting deadlines, because violation of them, in addition to penalties, can lead to the blocking of the entrepreneur’s current account.
