How does an individual entrepreneur pay taxes

An individual entrepreneur is a person without a legal education. This legal form is convenient if you do not plan to organize a large company. Like any other entrepreneur, you must keep accounting and tax records. You can choose one of three taxation systems. It depends on this tax accounting.

Instruction manual

1

General tax regime. Having chosen this system, you should calculate and pay VAT, property tax, 3-personal income tax, insurance premiums for employees and other local taxes (for example, land transport).

2

VAT is calculated and transferred to the budget on a quarterly basis (by the 20th day of the month following the reporting period). The VAT rate can be 0%, 10%, 18%. In practice, the latter is most often used. The 0% rate is applied when exporting goods, that is, exporting them from Russia. The rate of 10% is used for the sale of meat, milk, bakery products, seafood and other goods (Article 164 of the Tax Code).

3

3-PIT is transferred annually until July 15 of the year following the reporting year. The rate is 13%. The tax on income from entrepreneurial activity, as well as on property belonging to the entrepreneur, is calculated.

4

Simplified tax system. This system is most optimal for a person without a law degree. By choosing it, you are exempted from submitting financial statements, VAT and personal income tax. There are two types of STS: income (rate of 6%) and income reduced by the amount of expenses (rate of 15%). Calculate and pay insurance premiums on a quarterly basis to your employees.

5

A single tax on imputed income. Under this taxation system, you must pay a single tax (15% of the amount of imputed income). Payments should be made quarterly (until the 25th day of the month following the reporting quarter). You must also pay insurance premiums. It should be noted that this system can be used in conjunction with another. Suppose you provide veterinary services, in addition to selling drugs for animals. In this case, you can combine USN and UTII. The second system will be calculated on the basis of income derived from veterinary services.