It's not just the director himself: how to become self-employed in Russia.

It's not just the director himself: how to become self-employed in Russia.

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"The main difference for these types of deduction is the mechanism of their use.

Start-up capital automatically reduces the amount of tax by 1% of income when receiving income from individuals, by 2% - in respect of income received from legal entities and private entrepreneurs. When the total deduction of RUB 10,000 is reached, the tax deduction is considered to be used. That is, the starting deduction is not applied to reduce the taxable base (as in the case of personal income tax deductions), but to reduce the estimated tax amount.

In addition, unused tax balances may be carried forward until they are fully utilized. Thus, if income received from individuals for the reporting month amounted to 200,000 rubles, the tax base will be calculated as follows: (200,000 rubles *4%) - (200,000 rubles *1%) = 6,000 rubles. - tax with deduction of Rbl 2,000, which is 1% of the income received from individuals. The balance of the starting tax deduction will amount to RUR 8,000. The same mechanism for calculating the tax base for income received from legal entities and individual entrepreneurs.

With regard to the additional capital there are legal restrictions - it can be applied only until January 1, 2021, the amount of the deduction (12 130 rubles) will be automatically applied for full payment of NAP, penalties and fines for the period from July 1 to December 31, 2020".

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Yulia Pavlova

Major specialisations

Construction, FMCG

Chief Tax Consultant

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