Ministry of Agriculture and Food of the Republic of Tatarstan clarifies tax information for self-employed
From the 1st of January in four regions of the country: in Moscow, Moscow and Kaluga regions and Tatarstan was launched an experiment to introduce a special tax regime.
The Ministry of Agriculture and Food of the Republic of Tatarstan draws attention to the fact that, according the Tax Code of the Russian Federation, personal income derived from the sale of farmed livestock products (both live and slaughtered products in raw or processed form), crop products (both in natural and in processed form) are not taxed.
Incomes of private farms are exempted from taxation with simultaneous observance of the following conditions:
- if the total area of the land plot that is owned does not exceed 0.5 ha, the maximum size established in accordance with the Federal Law "About personal subsidiary farming";
- if the taxpayer maintains his personal subsidiary farm in the specified areas without engaging hired workers.
A new type of taxation applies to other types of activities and people who do not have employers and employees, and whose annual income does not exceed 2.4 million rubles. If a self-employed person provides services to individuals, the tax rate for him is 4 percent, but for legal entities - 6 percent.
From the 1st of January every self-employed person living in the Republic of Tatarstan must install the My Tax mobile app and register with the Federal Tax Service by uploading a photo and passport data.
You can “unsubscribe” from the tax regime at any time, and then register back. First registered in the system, are entitled to a tax deduction of 10 thousand rubles.
Citizens who have switched to the experimental tax regime are exempt from paying personal income tax on income derived from professional activity. Individual entrepreneurs applying the new tax regime may not pay VAT, with the exception of importing goods into Russia.
Detailed information can be found on the link.