Tax Service of Sevastopol: taxes for small businesses will be calculated automatically

CrimeaPRESS reports:

From January 1 2023 Sevastopol entrepreneurs will be able to choose a new taxation system for themselves, in which the tax service will take over the calculation of taxes for business.

The new tax regime «Automatic Simplified Taxation System» (AUTS) has a number of advantages.

The main difference between AUSN is automation. The system allows you to eliminate reporting forms and refuse to fill out declarations. The Federal Tax Service of Russia, together with partner banks, calculates the tax based on the data of online cash desks and information on the movement of funds in bank accounts. The result is sent to the taxpayer, who clarifies it in case of disagreement or pays if everything is correct.

Organizations and individual entrepreneurs with no more than five employees and annual income does not exceed 60 million rubles can switch to the new tax regime. Business representatives can choose the object of taxation «Income» with a rate of 8% or «Income reduced by the amount of expenses» with a rate of %. Tax must be paid every month. For example, the amount of tax for January must be paid before 25 February. To deduct expenses from the taxable base, you need to add them to your personal account.

Under this regime, taxpayers do not pay insurance premiums — social guarantees are provided from the federal budget.

When calculating the tax, data on revenue from online cash desks, bank account turnover and data from your personal account are used.

When applying the AUSN, the bank becomes an intermediary between the entrepreneur and the tax service. In addition, the bank sends information on payments to employees and the amount of personal income tax to the tax authorities.

In order to switch to AUSN, it is necessary to cooperate with a bank from the list of authorized ones. At present, the largest credit institutions have joined the project: PJSC Sberbank, VTB Bank (PJSC), PJSC Promsvyazbank, JSC CB Modulbank, JSC ALFA-BANK, PJSC AK BARS BANK and JSC Tinkoff Bank. PJSC Promsvyazbank operates from this list in Sevastopol.

If an individual entrepreneur or company on AUSN crosses the income threshold of 10 million rubles or there are more than five employees, this must be reported to the tax service or the bank. Business will be transferred to the general taxation system.

The transition to AUSN is voluntary, but you should be aware that combination with other taxation regimes is not allowed.

To understand how to apply the new AUTS tax regime and what are its advantages, taxpayers can use a special promo page posted on the website of the Federal Tax Service of Russia.

Source: Federal Tax Service of Russia in Sevastopol