What taxes should be paid by LLC on the simplified tax system in 2014

The taxes that LLC needs to pay in 2014 directly depend on the applicable tax system - STS, OSNO, UTII or ECX.

Instruction manual

1

The simplified tax system is by far the most favorable tax regime for the LLC, since the company in this case is exempt from paying a number of taxes - income tax, VAT, property tax. All of them are replaced by a single tax.

In order to apply the “simplification” in 2014, the company had to submit an application for the transition to the simplified tax system by the end of 2013, or at the same time, when registering a new LLC.

2

You can choose for yourself the most optimal taxation system:

- USN-6% - in this case you will pay 6% of the received income (revenue). The tax can be reduced by the amount of insurance premiums for employees;

- USN-15% (for certain types of activities in the regions, a tax rate of 5% is established) - in this case, the tax is paid on the difference between the income and expenses received. Expenses must be documented, and their list is strictly stipulated in the Tax Code.

3

On a quarterly basis, the organization must transfer advance payments for a single tax:

- until April 25 for the 1st quarter;

- until July 25 for the 2nd quarter;

- until October 25 - for the 3rd quarter.

Until April 30, 2015 it is necessary to pay the annual tax of the simplified tax system, by March 31 to submit the declaration of the simplified tax system.

4

In addition to advance payments, the LLC must pay monthly salary taxes - transfer personal income tax, and also make contributions to the Pension Fund and Social Insurance Fund. For some categories of “simplistic” tax deductions are provided for contributions to funds. The LLC must have at least 1 employee - the General Director, with his salary also all payments provided by law are made.

5

LLCs also transfer 9% tax to the budget when paying dividends.

note

Companies do not pay corporate income tax on the simplified tax system, the only exception is if the company has income from securities.