Due to the fact that the Government of the Russian Federation has recently adopted several programs for the development of small and medium-sized enterprises, there have become much more questions about the activities of entrepreneurs, the necessary documents and other nuances. A separate topic is the payment of IP VAT. Value added tax is a deduction from the premium to the price of the goods. Today, the rate on it is 18%, and only in some cases it can be reduced to 10%.
It is important to note that entrepreneurs with VAT may not pay tax if they apply the following
taxation systems :
- STS;
- Unified agricultural tax;
- UTII.
But it should be remembered that if you issue an invoice using one of these systems, then you will be required to pay all VAT on this transaction.
Let's talk about the most popular question for IP recently . VAT, according to Art. 145 of the Tax Code of the Russian Federation, you can not pay if you have the following conditions:
- Revenues for 3 calendar months do not exceed 2 million rubles.
There was a long debate about how to calculate this amount, because in arbitration practice for a long time there was no precedent on this topic. At the end of 2012, the Supreme Arbitration Court finally put an end to the issue. Previously, the total revenue of the entire company was considered, even that part, which in most cases was not taxed. Now, only those amounts from which VAT should be paid are taken into account.
2. According to the Tax Code, you can be exempted from paying IP VAT if you do not sell
excisable goods. According to the decision of the Constitutional Court of the Russian Federation, you can be exempted from this payment, even if you have goods of both categories. But with this option, it is necessary to keep separate records of all operations of both excisable and non-excisable products. Only subject to these conditions will you be released from payment.
It must be remembered that an individual who is exempted from VAT must return to the state the amount of this tax previously deducted for the services, goods or work rendered.
Many newcomers to the business are wondering: "What benefits will I get by exempting from tax?" The biggest plus, of course, will be an increase in your revenue by 18%, although there are pitfalls here. The fact is that companies that work with VAT may simply not be profitable to cooperate with you because of the lack of the ability to make deductions.
If you decide to get rid of the tax, then you must remember the following rules:
1) It is necessary to notify the tax authority at the place of registration in the form established by the Ministry of Finance of Russia. Attach documents confirming your rights to it.
2) Such documents are: extracts from the balance sheet, books of sales and books of expenses and income, as well as copies of invoices issued.
3) For an individual entrepreneur on a simplified tax system or a basic tax payment system it is necessary to provide only a book of accounting for expenses and income.
4) Documents are submitted no later than the 20th day of the month from which the exemption of IP VAT is allowed.
It is important to remember that when switching to such a taxation system, you will be required to work on it for at least a year. And only then you can independently refuse it. There is, of course, another way: you can simply violate one of the conditions for exemption, but, in addition to the fact that you will no longer be allowed to this benefit, they will also impose a substantial fine on you.