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Monthly Tax Compliance News Digest for January 2023
31.01.2023
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Report from the conference "Tax Practice and Tax Disputes"
03.10.2022
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Tax Compliance has been included in the World Tax 2022 ranking
30.09.2021
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Tax Compliance has launched a business criminal defense course, "Who's There?"
06.10.2022
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Tax reconstruction: what happened in 2021 and what these changes led to
22.12.2021
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The year 2020 saw a marked increase in bankruptcy proceedings compared to 2019, regardless of the relevant moratorium. Due to its termination, an avalanche-like growth of bankruptcy proceedings is expected in the coming year. -
If the Russian government takes no action and does not form a unified understanding of the gradual withdrawal from the moratorium situation, it will directly lead to a high number of bankruptciesTax Compliance lawyer Andrei Solomyanyi shared his point of view with RIA Novosti -
IEs and legal entities are obliged to pay the taxes stipulated by the selected tax regime from the rental income. Legal entities - income tax and VAT, IE - UTII (Unified tax on imputed income) or STS (Simplified Tax System) at the rate of 6% or 15%, depending on the selected object of accounting. For an individual, this income is subject to personal income tax. However, if there are circumstances that indicate the commercial nature of an individual who does not have the status of an IE, this income must be paid VAT," - said managing partner of the law firm Tax Compliance Mikhail Begunov. Recently, inspections of non-residential facilities owners, who lease them, have become more frequent, said Begunov. The inspections result in fines and penalties, as well as bringing an individual to administrative and possibly criminal responsibility. "A series of additional charges for VAT followed after the Supreme Court of Russia in July last year, confirmed that a citizen must pay VAT if he is engaged in commercial activities for renting their own non-residential facilities without registration as an individual entrepreneur. In particular, they are aimed at making profit, i.e. acquiring property for its subsequent use for profit, as well as the systematic generation of this income," said the lawyer of Tax Compliance. He explained that the one-time nature of the transaction in itself does not indicate the business activity of an individual.
Popular
-
Monthly Tax Compliance News Digest for January 2023
31.01.2023
-
Report from the conference "Tax Practice and Tax Disputes"
03.10.2022
-
Tax Compliance has been included in the World Tax 2022 ranking
30.09.2021
-
Tax Compliance has launched a business criminal defense course, "Who's There?"
06.10.2022
-
Tax reconstruction: what happened in 2021 and what these changes led to
22.12.2021