Insurance premiums for entrepreneurs: what to expect in 2017?

Individual entrepreneurs are required to pay insurance premiums not only for their employees, but also for themselves. The current system for determining the amount of insurance payment did not meet the expectations of officials, and instead of the planned 35.9 billion rubles in 2015, only 16.1 billion rubles were collected from the self-employed population. In 2017, there will be a new insurance premium payment system for entrepreneurs.

Insurance premiums for individual entrepreneurs in the FIU for themselves - the current system in 2016

Currently, the amount of insurance payments in the PFR for a businessman is divided into a fixed component and a payment depending on the amount of income.

To determine the fixed part, you need the following formula:

Minimum wage * 12 * TSV, where

The minimum wage is currently 6204 rubles, TSV - the premium rate for the FIU is 26%.

6204 rubles * 12 * 26% = 19356, 48 kopecks

Such a sum will need to be paid in 2016 to businessmen in the FIU for themselves, provided that they earned no more than 300 thousand rubles for this year.

If their income exceeds the specified amount, then you will need to pay extra 1% of the exceeding part. For example, your annual income amounted to 500 thousand rubles, in which case you will need to give the following amount to the pension department:

19356 rubles 48 kopecks + 200 000 rubles * 1% = 21356 rubles 48 kopecks

Moreover, the maximum payment amount is limited. An entrepreneur will not have to give back more than 154, 851 rubles 84 kopecks.

A fixed payment must be made no later than the end of the corresponding year (until December 31, 2016), and the amount from the exceeding income - until the beginning of April of the next year - 2017.