In order for a business to become profitable and bring a certain profit, while not violating the law, you need to seriously consider choosing the taxation system. What taxes do individual entrepreneurs pay? What taxation system is best suited to not overpay? We warn, in some cases, under the law there is no right to choose. Taxation for the Individual entrepreneur(IE) for today is:
income tax (general taxation system, or GTS)
simplified taxation system (STS)
First you need to decide what kind of activity you will be engaged in.
Payment of the SINGLE TAX can be carried out in such activities:
retail trade in certain groups of goods,rendering a wide range of services and works to consumers, including public catering, maintenance and repair of motor vehicles, furniture production, repair of personal items and household goods, clothing production and repair, photography activities, hairdressing and beauty salons, taxi services and services on the transportation of furniture, tutoring, cleaning and cleaning of residential premises and much more
If your type of activity is listed, the individual entrepreneur cannot choose another taxation system, with the exception of retail, then you can choose the simplified tax system (simplified tax system) or GTS (general taxation system with income tax).
If your type of activity is listed on a single tax, then BEFORE you start your activity, you need to submit a declaration to the Inspectorate of Tax Inspection and pay a single tax. Single tax rates are established by the Tax Code of the Republic of Belarus, as well as the upper and lower limits. The sizes are established and approved by the local legislative authority, regional and Minsk city councils of deputies. If you, in addition to activities listed on the single tax payment, are engaged in some other activity not listed on the single tax payment, then do not forget that the single tax can be applied jointly with other tax systems of the simplified tax system and the GTS.
STS or simple simplified.
To select a simplified taxation system, one should take into account the size of the estimated gross revenue (total) for the year; for 2018, the amount is determined to be no more than 202,700 rubles.
If you use GTS and the gross revenue for the 9 months of activity has not exceeded 152,000 rubles, then you can switch to the simplified tax system from the beginning of the year.
If the limit is exceeded, then you must apply GTS.