What is the simplified tax system
The simplified taxation system is one of the most economically feasible tax regimes, allowing to minimize tax payments and reduce the volume of reporting.
A feature of the simplified tax system, like any other special regime, is the replacement of the main taxes of the general taxation system with one - a single one. The following are not subject to payment on the simplified basis:
- Personal income tax (for individual entrepreneurs).
- Income tax (for organizations).
- VAT (except for export).
- Property tax (except for objects for which the tax base is determined as their cadastral value).
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Transition to the simplified tax system from 2020: procedure, restrictions, advantages
So, all the mentioned conditions and actions necessary for the transition to the simplified tax system have been fulfilled. Now the last task remains - to fulfill a number of special requirements of the Tax Code of the Russian Federation. Features of calculating the tax base during the transition from the general regime (for enterprises that used the accrual method) to the “simplified” regime (which uses the cash method) are contained in paragraph 1 of Art. 346.25 of the Code. Such companies must comply with several rules (the list is closed). In particular, include in the single tax base on the date of transition amounts received before December 31, 2018 in payment under contracts that will be executed after the transition to the simplified tax system. Or, conversely, do not include in such a base funds received after such a transition, if they were already included in “profitable” income. All these rules are based on the main principle: a certain income (expense) must be taken into account only once - either under the general or under the simplified regime.
