Interest on deposit under the simplified tax system: do I have to pay tax?

Is return to usn income?

Organizations and individual entrepreneurs on the simplified tax system do not reflect funds or the valuation of the loan in KUDiR.
When paying off obligations, the company also does not record the transaction in the ledger. Income minus expenses The procedure for determining the taxable base under the simplified tax system according to the “income minus expenses” scheme differs from the “income” scheme in the case of concluding an interest-bearing loan. After paying the lender the interest accrued under the agreement, the amount is entered into the KUDiR and is included in expenses. The loan is used at the discretion of the enterprise using the simplified tax system. The company has the right to pay from the amounts received for the purchase of materials and fixed assets. Assets purchased with loan funds can be included in expenses in accordance with the provisions of paragraph.

2 Article 346.17 of the Tax Code of the Russian Federation.

Attention - Articles In practice, it often happens that the advance payment is transferred, but the contract is terminated.

In such a situation, it is necessary to reduce the income of the tax (reporting) period in which the refund was made by the amount of the refunded prepayment. But what if there is no income during this period? The situation is controversial, let's look at everything in order.

How to take into account the return of an advance payment Companies and entrepreneurs using the simplified system take into account when determining the object of taxation:

income from sales (Article 249 of the Tax Code of the Russian Federation);
non-operating income (Article 250 of the Tax Code of the Russian Federation).

Please note that when determining the tax base, the income specified in Art. 251 of the Code. “Simplified” account for income and expenses on a cash basis. Therefore, the date of receipt of income is the day money is received in bank accounts and (or) at the cash desk, or other property is received.

What income is recognized (accounted for) upon taxation?

The timing of such reporting depends on the chosen mode and the time of termination of activities.

The declaration under the simplified tax system is allowed to be submitted using the old and new form. The Federal Tax Service recommended that taxpayers use the new declaration form under the simplified tax system when reporting for the tax period 2021.

This applies to a greater extent to individual entrepreneurs, since organizations had to report under the “simplified procedure” by March 31, 2021.

Constitutional Court of the Russian Federation: Payment of VAT by “simplified” does not contradict the Constitution. The obligation of an organization or individual entrepreneur applying a simplified taxation system to calculate the amount of VAT payable to the budget in the event of issuing an invoice to the buyer with the allocation of the tax amount was analyzed for constitutionality.

What is not income under sleep insurance?

Entrepreneurs and organizations using the simplified tax system should not indicate their KUDiR, as well as make appropriate tax assessments on these amounts, regardless of the applied object of taxation under the simplified tax system.

Income-expenses If, when applying the simplified tax system with the taxable object “Income,” the loan funds are simply not indicated in the KUDiR upon receipt and return.

Also, there is no need to include the interest paid on the loan, since the tax base and the amount of tax do not change, then for organizations and individual entrepreneurs who have chosen income-expenses as an object of taxation, the situation is different.

When receiving a loan, it will still not be taken into account in income, but when repaid, it will be included in the expenses of an organization or individual entrepreneur using the “simplified” system according to the “income-expenses” scheme. But interest, after it is paid to the lender, can be included in expenses.

Is a loan considered income?

Short-term and long-term types of contracts are used. From the founder The founder, as well as another individual, has the right to conclude a loan agreement with the enterprise and transfer the subject of the agreement for temporary use. When concluding a loan agreement with the founder, a situation arises in which the parties are represented by one person.

In a number of companies, the founder and director are the same person. The Civil Code of the Russian Federation (Article 53) finds contradictions in the representation of the interests of the parties by one person.

Usn: income upon repayment of the advance

I, as an individual entrepreneur working under the simplified tax system of 6% of income, carried out the ch.z. bank account for payment of goods. Due to the impossibility of providing me with the paid goods, the client returns it to me for payment. invoice the full amount back with the wording “Refund”.

Question: is the returned amount income received on the account? and do I have to pay 6% tax on this amount? no, you do not have to pay tax By virtue of paragraph 1 of Art. 346.

15 of the Tax Code of the Russian Federation, under a simplified system, takes into account income from sales and non-operating income, the composition of which is determined in accordance with Art. 249 and Art. 250 Tax Code of the Russian Federation. According to paragraph 1 of Art. 346.

17 of the Tax Code of the Russian Federation, the date of receipt of income is the day of receipt of funds into bank accounts and (or) to the cash desk, receipt of other property (work, services) and (or) property rights, as well as repayment of debt (payment) to the taxpayer in another way (cash method ).

Source: https://juristufa.ru/2021/04/21/vozvrat-na-usn-yavlyaetsya-li-dohodom/

How much is the single minimum wage tax?

Most individuals pay personal income tax monthly on their main income - wages. Its rate is 13% and is charged as follows:

For example, the salary is 50,000 rubles. To find out the amount of personal income tax you need to multiply 50,000 by 13%. After performing mathematical calculations, we get the amount of 6,500 rubles. Next, we subtract the tax amount from the salary amount and receive the amount of 43,500 rubles for payment. 6500 were given to the state.

Free legal consultation by phone:

This example is relevant for an employee who, by law, is not entitled to benefits and tax deductions. If you need to calculate the personal income tax of persons in a preferential category, you will first have to delve into Chapter. 23 of the Tax Code of the Russian Federation, which contains clarifications.

Minimum tax under the simplified tax system for income minus expenses in 2021

Based on the results of their work, each year individual entrepreneurs and organizations that operate under the simplified tax system “Income minus expenses” must make calculations for the following types of tax contributions:

regular tax, which is found using the formula (Income - Expenses) * 15%;
the minimum tax, which is usually calculated as follows: Income * 1%. When paying to the tax authority, an individual entrepreneur or organization is required to pay the tax contribution whose amount is greater.

It is important to know:

The difference that is obtained between the regular tax payment and the paid one can be attributed to the expenses of future tax periods. Let's look at the situation using an example:

Income is 200,000 rubles, expenses are 150,000 rubles. We calculate the usual contribution: (200,000 - 150,000) * 15% = 7,500 rubles. The minimum tax payment is: 200,000*1% = 2,000 rubles.

Based on the data received, the first one (7,500 rubles) must be paid, and the difference between these two taxes - 5,500 rubles - should be included in the amount of expenses of the next tax period.

Payment procedure and terms

advance payments should be made quarterly, because it is not known in advance whether the minimum tax for this year should be paid;
Based on the results of the year worked, individual entrepreneurs and organizations determine what tax they need to pay.

Payment deadlines for individual entrepreneurs are until April 30, for organizations - until March 31. If it turns out that it is necessary to make a minimum tax contribution, then we reduce its amount by the amount of advance payments already made. If the amount is larger, you don’t need to pay at all, and overpaid advance payments can be added to the expenses of subsequent periods.

What kind of income does not need to be paid to the tax system: list of exceptions

Material about income that must be excluded when calculating the “simplified” tax. The article will discuss how not to count too much and correctly take into account all exceptional cases.

About how to reduce the “simplified” tax through contributions, sick leave, etc. — in the topic “Reducing tax on the amount of insurance premiums.”

Income not related to business activities

ᐈ If the income is received by an individual and is not related to business, there is no need to pay a “simplified” tax.

An entrepreneur, despite his status, does not cease to be a person and can receive income that is not related to business.

For example, Ivanov I.I. sold a residential apartment. Despite the fact that Ivanov is an entrepreneur, the money received from the sale of housing has no relation to his business activities. Ivanov can also get a job as an employee - and his salary will also not be related to his status as an individual entrepreneur.

In these cases, entrepreneurs pay personal income tax - personal income tax, like ordinary citizens.

Income from the sale of real estate and “simplified” tax

ᐈ If the real estate is not used in commercial activities and was acquired before the status of individual entrepreneur was obtained, the income from the sale may not be taken into account within the framework of the simplified tax system.

If the property was purchased for personal use, its sale is not a business activity.

Commercial real estate, the purchase costs of which were not taken into account under the simplified tax system, and if at the time of sale it is not used in business, can also be excluded from taxation under the simplified tax system. This is what the Ministry of Finance and the Federal Tax Service think. In this case, the income from the sale will be subject to personal income tax, and it will be possible to take advantage of personal income tax benefits (if any).

You should be on your guard when it comes to benefits. In judicial practice, there are cases when, during the sale of commercial space that was recently used in business, the application of personal income tax and benefits was refused, charging the simplified tax system. However, there are also opposing court decisions.

If, on the contrary, it is beneficial for you that the proceeds from the sale be taken into account in income under the simplified tax system, then the real estate should be used in business.

It is also better to enter the corresponding type of activity into the Unified State Register of Individual Entrepreneurs (for the sale of real estate and for the income that real estate brings).

In addition, check in advance: proceeds from the sale may cause the loss of the right to apply the simplified tax system if they exceed the limit established for the special regime.

Credits and loans: under the simplified tax system, is a loan received, an interest-free loan, or a loan repayment considered income?

ᐈ Cash and property received under a credit agreement and loan agreement are not income under the simplified tax system (this does not apply to fees for borrowed funds - interest is below, we are talking only about the borrowed funds themselves, i.e. the principal debt on the loan / loan - this is not income).

Interest received is taxed in accordance with the general procedure.

Sometimes there are savings on interest. It is not taxed under the simplified tax system, but falls under the 35% personal income tax rate. This occurs if the individual entrepreneur received a loan or loan at a rate lower than:

2/3 of the Central Bank refinancing rate (from March 26, 2021, the refinancing rate is 7.25%) - for a loan in rubles,
9% per annum - for a loan in foreign currency,

In this case, an individual entrepreneur using the simplified tax system pays personal income tax on the “benefit” received.

Example. Individual entrepreneur Ivanov received a loan from Romashka LLC using the simplified tax system at 4% per annum. The savings according to the Tax Code of the Russian Federation amounted to the amount of interest calculated based on a rate of 0.83% per annum (2/3 of 7.25% is 4.83%, subtracting 4%). From this amount, individual entrepreneur Ivanov must pay personal income tax at a rate of 35%; it does not apply to income under the simplified tax system.

Interest on deposit: how to pay individual entrepreneur tax on the simplified tax system?

ᐈ Income of individual entrepreneurs, subject to personal income tax at a rate of 35% (according to paragraph 2 of Article 224 of the Tax Code of the Russian Federation) are not taken into account for the purposes of the simplified tax system.

Under the simplified tax system, tax on interest received on a deposit (deposit) is paid in the general manner, but only on income within the following rates:

Central Bank refinancing rate + 5% per annum - for rubles (from 03/26/2021 the refinancing rate is 7.25%),
9% per annum - for foreign currency.

If the deposit rate is higher than the specified value, you must pay 35% personal income tax on the “excess”.

Example . Individual Entrepreneur Ivanov, using the simplified tax system (“income”, 6%), entered into an agreement to place a deposit at a rate of 15% per annum. Income received at a rate of 12.25% is subject to a 6% tax under the simplified tax system. Income received at a rate of 2.75% is not subject to taxation under the simplified tax system, but individual entrepreneur Ivanov must pay personal income tax on it at a rate of 35%.

Please note that individual entrepreneur Ivanov can easily deposit money as a citizen of Ivanov (without individual entrepreneur status) and avoid all difficulties with taxation.

Are the received pledge, deposit and security payment subject to tax under the simplified tax system?

ᐈ Within the framework of the simplified tax system, income does not include the receipt of a pledge, deposit or other security payment from counterparties.

But as soon as these amounts are accepted to pay off obligations, they must be taken into account in income on the date of offset/repayment of the obligation (for example, a security payment under a lease agreement - on the date of offset of this amount against rent).

What other income is not considered income under the simplified tax system?

View the list: income not taken into account under the simplified tax system (return of funds under the simplified tax system, VAT, etc.)

Receipts that are not subject to tax

within the special regime:

income of individual entrepreneurs, subject to personal income tax at a rate of 35% (according to paragraph 2 of Article 224 of the Tax Code of the Russian Federation):
winnings and prizes worth over 4,000 rubles received in events held for advertising purposes;
interest received from the budget or extra-budgetary fund, which is due to the taxpayer in cases of unlawful write-off of taxes and other incorrect actions of the Federal Tax Service and government agencies (full list - Articles 78, 79, 176, 176.1 and 203 of the Tax Code of the Russian Federation);
funds from the Social Insurance Fund - sick leave, maternity and other social insurance payments to individual entrepreneurs and employees;
proceeds from the return of defective goods;
funds incorrectly returned or credited by the counterparty or bank;
refund:
by a bank or counterparty due to incorrect details;
overpaid taxes, VAT refund;
advances and prepayments (for the simplified tax system “income minus expenses” - only if these amounts were not previously taken into account in expenses);
deposit after participation in the auction;

if the individual entrepreneur - the seller, using the simplified tax system, issued an invoice to the buyer and allocated VAT:

the amount of VAT by the seller must be transferred to the budget, but it is not taken into account in income under the simplified tax system;

if the individual entrepreneur is an agent or commission agent:

receipts from agency agreements and commission agreements that do not relate to agency or commission fees;

if an individual entrepreneur combines several tax regimes:

proceeds from activities subject to UTII or transferred to the patent taxation system;

if the individual entrepreneur is a lessor using the simplified tax system, the tenant has made major repairs to the property:

income in the form of capital investments in the form of inseparable improvements to the leased property made by the lessee
if the improvements made are received free of charge, the Federal Tax Service may consider the overhaul as income received, but the situation is controversial. If this is your difficult case, you can read in great detail on Garant.Ru

Are subsidies subject to tax under the simplified tax system?

ᐈ Income under the simplified tax system does not include property received within the framework of targeted financing, but the list of what exactly is classified as targeted financing in the Tax Code of the Russian Federation is very limited.

For the most part, this item does not include subsidies received by individual entrepreneurs (an exception in some cases may be for targeted funding for scientific development and innovation activities).

At the same time, preferential rules for accounting for income and expenses can be applied to subsidies, which can, in some cases, reduce tax costs. Detailed material, for example, on subsidies for starting a business from the Employment Center can be read on the website subsidies-on-credits.rf.

Source: https://xn—-7sbbglfctdartkggiohcjidi8b5gqk.xn--p1ai/chto-ne-yavlyaetsya-dohodom-pri-usn

Return of the deposit is not income on the Tax Code of the Russian Federation

Income that is expressed in foreign currency must be taken into account in a simplified manner in the same way as income whose value is expressed in rubles.

Only Russian banks that have a license for this type of activity and participate in the all-Russian deposit insurance program have the right to accept deposits for storage.

The debt to the refrigerator supplier was repaid on January 10, 2007 (payment order No. 7). Fakel LLC received a batch of electric stoves on January 25 (bill of lading No. 104 dated January 25, 2007). On the same day, the accountant made an entry in the Income and Expense Book.

Regardless of the object of taxation, when calculating the single tax, include interest on the loan agreement as part of income (paragraph 3, paragraph 1, article 346.15 of the Tax Code of the Russian Federation).

In tax accounting, adjust the amount of tax paid at the end of the year, and in accounting, reverse the excessively accrued interest.

A foreign counterparty provided us with a service; when paying remuneration for services, we are obliged to withhold VAT as tax agents, but payment will be in...

Under the accrual method, such income is recognized on the last day of each month, as well as on the date of termination of the contract (or on the date of early termination of the contract).

Therefore, only interest on the loan can be taken into account as expenses as they are transferred (subclause 9, clause 1, article 346.16 of the Tax Code of the Russian Federation).

So, in the case when account 58 “Financial investments”, subaccount, for example, 58-5 “Bank deposit (deposit)” is used to account for a deposit, the interest receivable is also accounted for in account 58, subaccount 58-5. Such interest is recognized as part of financial investments, since they will bring economic benefits to the organization in the future (clause 2 of PBU 19/02). Funds deposited into a deposit account in accounting can be accounted for in account 58 “Financial investments”, subaccount, for example, 58-5 “Bank deposit (deposit)”, or in account 55 “Special accounts in banks”, subaccount 55- 3 "Deposit accounts".

Are the funds that the budget transferred to the organization in connection with the refund of overpaid taxes considered its income for calculating the single tax?

Increasing capital: accounting for ruble deposits and interest on them

1. What terms of the bank deposit agreement are most important for an accountant.

2. How to reflect the deposit and interest on it in accounting and tax accounting.

3. How to take into account the consequences of early termination of a bank deposit agreement.

Having a financial airbag, that is, a certain reserve of funds, is the “golden” rule of both personal and corporate finance. However, simply keeping the nth amount of money in reserve in your account is extremely unprofitable. As you know, money should work and bring... money.

That is why competent managers try to place free funds in financial investments. One of the most common types of financial investments is a bank deposit, or deposit. And there are at least two reasons for this.

Firstly, opening a deposit does not require special knowledge and skills in the field of investing. And secondly, a deposit is traditionally considered one of the least risky ways to invest money (all other things being equal).

What an accountant should know about the accounting for bank deposits and interest on them, and what “pitfalls” this seemingly simple operation may hide, we’ll look into this article.

What should an accountant pay attention to in a bank deposit agreement?

The main document that serves as the basis for recording a bank deposit and interest on it in accounting is the bank deposit agreement.

Checking the correctness of the contract, as well as the legal nuances and consequences of the transaction, is rather the task of a lawyer.

An accountant, as a rule, is only interested in some of the terms of the contract, on which the accounting reflection of the deposit depends. So, what should an accountant pay close attention to:

Deposit term. A bank deposit can be opened for a certain period or on demand (Clause 1, Article 837 of the Civil Code of the Russian Federation). The period for which the deposit is opened depends on the order in which it is reflected in the financial statements: as part of long-term or short-term financial investments.

Type of deposit: replenishable or non-replenishable. Depending on this, management may approve a schedule for transferring funds to replenish the deposit. Or, on the contrary, it will be known that the deposit amount will remain unchanged.

Conditions for early termination of the contract by the investor. If the deposit is open for a certain period, then the agreement, as a rule, specifies special conditions for the return of the deposit before the expiration of the specified period in the form of a reduced interest rate. If the amount of interest for early repayment is not expressly stated in the agreement, it is taken to be equal to the interest rate on demand deposits (clause 3 of Article 837 of the Civil Code of the Russian Federation).

Terms and procedure for interest payments. Interest on the deposit is accrued from the day following the day the bank receives funds for placement in the deposit until the day they are returned to the depositor (clause 1 of Article 839 of the Civil Code of the Russian Federation). In this case, the interest accrued on the deposit can be paid to the depositor periodically (monthly, quarterly, etc.) or in a lump sum upon expiration of the deposit term. If the procedure for paying interest is not established in the agreement, they are paid to the depositor at the end of each quarter upon his request, and unclaimed interest is added to the deposit amount on which interest is accrued (clause 2 of Article 839 of the Civil Code of the Russian Federation).

Procedure for calculating interest. The agreement also specifies the procedure for calculating interest: using the simple or compound interest formula. Simple interest is calculated on the deposit amount, but does not increase it. Such interest is generally paid periodically. Compound interest is added to the deposit amount on which interest is calculated (capitalized) and is paid simultaneously with the return of the deposit.

Tax accounting of bank deposit and interest on it

Tax accounting of the deposit amount

Depositing funds (opening or replenishing a deposit) is not recognized as an expense for tax purposes either under the OSNO or under the simplified tax system (clause 12 of article 270, clause 1 of article 346.16 of the Tax Code of the Russian Federation). Likewise, funds returned by the bank when closing a deposit are not the taxpayer’s income (clause 1, clause 1.1, article 346.15, clause 10, clause 1, article 251 of the Tax Code of the Russian Federation).

Tax accounting of interest on deposit

General taxation system

Interest on a deposit for the purposes of calculating income tax is recognized as non-operating income (clause 6 of Article 250 of the Tax Code of the Russian Federation). It is necessary to take into account interest in tax accounting as part of income on the last day of each month (paragraph 1, clause 6, art.

271, para. 3 p. 4 art. 328 of the Tax Code of the Russian Federation) and on the date of expiration of the deposit term (or early termination of the agreement) (paragraph 3, clause 6, article 271 of the Tax Code of the Russian Federation). The amount of interest to be reflected in accounting is calculated in accordance with the terms of the agreement.

! Please note: deposit interest amounts are subject to monthly reflection as part of taxable income, regardless of the procedure for calculating and paying interest under the agreement. That is, even if, according to the agreement, interest is capitalized and paid in a lump sum at the end of the deposit term, they must be reflected monthly in tax accounting.

Source: https://buh-aktiv.ru/uchet-rublevyh-depozitov-i-protsentov-po-nim/

What other income is not considered income under the simplified tax system?

An organization or individual entrepreneur can transfer its fixed assets as a contribution to the authorized capital of another organization, partnership, or cooperative.

That is, even if, according to the agreement, interest is capitalized and paid in a lump sum at the end of the deposit term, they must be reflected monthly in tax accounting.

In 2021, the number of weekends and non-working holidays is 118 out of 365 calendar days, or 32.33%. It’s nice, of course, that almost every third day we rest or even celebrate. The agreement also specifies the procedure for calculating interest: using the simple or compound interest formula. Simple interest is calculated on the deposit amount, but does not increase it. Such interest is generally paid periodically.

Interest on the deposit is reflected in accounting as other income in account 91 “Other income and expenses” subaccount 91-1 “Other income”. Reflection of interest on a deposit in accounting depends on the method of calculating interest: simple or complex (with capitalization).

Simple interest due from the bank is accounted for on account 91-1 in correspondence with account 76 “Settlements with other debtors and creditors”.
Compound interest is not paid separately, but is added to the deposit amount, on which interest will be accrued in the future, that is, it increases the cost of the financial investment. Therefore, compound interest is reflected in accounting as part of other income on account 91-1 in correspondence with the account in which the deposit itself is accounted for, 58 or 55.

If interim reporting is prepared monthly, then interest on the deposit is accrued in accounting at the end of each month - that is, the same as in tax accounting under OSNO (when using the accrual method).

Thus, when calculating the single tax, it is necessary to reflect income in the amount of interest actually received on the deposit. Therefore, if an agreement was concluded and terminated early in the same year, then when calculating the single tax, exclude the previously accrued amount of interest from income, and include the actually accrued amount.

All funds that were in this foreign currency account in the amount of 160,000 Euros were transferred to the deposit account.

Regardless of the chosen object of taxation, a uniform procedure for accounting for income under a simplified system has been established. According to Article 346.15 of the Tax Code of the Russian Federation, income includes: proceeds from the sale of goods, work, services, property and property rights; non-operating income.

Loans received by an entrepreneur, as well as proceeds to repay a debt (that is, when the loan was issued by an individual entrepreneur and now received the funds back) are not income under the simplified tax system. The interest-free loan received is also not considered income. That’s why in the root post I indicated “from a practical point of view,” i.e. If anyone has practical experience in dealing with the Tax Inspectorate regarding the questions I asked, it would be interesting to hear it.

Usn “income” in 2021: how to report and how much to pay - elba

The simplified taxation system comes in two types: “Income” and “Income minus expenses.” They differ in how much you pay tax on. We described how to choose a profitable type of simplified tax system in the article “Simplified taxation system in 2021.”

Rate of the simplified tax system “Income”

The tax rate shows how much percent of income the state will have to pay. In most cases it is 6%. But there are regions that have reduced the rate.

In Crimea and Sevastopol the rate is 4%. In Sevastopol, you can pay even less - 3%, if you run a business from the list of preferential activities. In the Chechen Republic, the tax rate depends on the number of employees and ranges from 1% to 6%.

In Moscow, St. Petersburg and Yekaterinburg, the simplified taxation system rate is standard - 6%.

Find out on the tax website in the section “Features of regional legislation” what rate is valid in your region.

What is considered income under the simplified tax system?

Income under the simplified tax system is everything you earn from your business. Basically, this is income from the sale of goods or services. For example, you developed a website and received 100 thousand rubles for the work. Record the same amount in the income of the simplified tax system and pay tax on it.

There are also non-operating incomes that are not directly related to the business, but they also need to be taken into account. These include:

interest on current account balance
fines and penalties from partners for violated terms of the agreement
compensation for damages from the insurance company
exchange rate difference when buying or selling currency at a rate that is more favorable than that of the central bank
gifts and other free property received
other income from Art. 250 Tax Code.

Most often, you receive income in cash. But there are non-monetary incomes, for example, with barter and mutual offsets, when you exchange one product for another. Such income also needs to be taken into account - in rubles at the market value of a similar product.

Convert income in foreign currency into rubles at the central bank exchange rate in effect on the day you receive the money. We talked about this in more detail in the article “How to pay taxes when making payments in foreign currency.”

Elba is suitable for individual entrepreneurs and LLCs on the simplified tax system. The service will prepare a tax return, calculate the tax and reduce it by insurance premiums. Try 30 days free.

What income does not need to be taken into account in the simplified tax system?

Not all money received is your income. When calculating the simplified tax system, you do not need to take into account:

loan repayment;
obtaining a loan;
replenishing your account with personal money;
security deposit or pledge;
refund from the supplier;
erroneous receipts from a counterparty or bank - Letter of the Ministry of Finance of the Russian Federation dated November 7, 2006 N 03-11-04/2/231;
money received by an agent under an agency agreement, except for agency fees;
grants;
income from business on a different taxation system, if you combine the simplified tax system with UTII or a patent;
other income from Art. 251 NK.

Individual entrepreneurs have income that is not taken into account in the simplified tax system, but personal income tax is withheld from them at a rate of 35%:

The cost of winnings and prizes from participation in incentive competitions that are held to advertise products. Personal income tax must be paid on that part of the winnings whose value is above 4,000 rubles. Personal income tax is transferred not by the individual entrepreneur himself, but by the organizer of the competition.
Saving on interest when receiving a loan at a rate below ⅔ of the refinancing rate. The bank itself will calculate and pay personal income tax to the tax office.

When to take into account income of the simplified tax system

It's important to record earnings on the correct date because it determines when you pay tax on that money.

Earnings are recorded on the day you receive them. This is called the cash method of revenue recognition. If the income is cash, take it into account on the day the money arrives in your bank account or cash register. Prepayment must also be taken into account on the day of receipt.

In some situations, income must be taken into account before you receive the money. For example, you sell through a courier who receives payment and transfers it to you. In this situation, income is taken into account on the day the client paid the courier, despite the fact that you have not yet received the money.

If the income is non-monetary, for example, offsetting mutual obligations with a client, take it into account on the day when you signed the act of offset or other document.

For example, you developed a website for a furniture showroom, and he supplied you with office furniture. The counterparty must pay 100,000 rubles for the website, and you must pay him the same amount for the furniture.

In order not to transfer money from account to account, you agreed on a mutual settlement, after which no one owes anyone. To formalize the agreement, you sign an act of offset.

On the same day, you need to take into account 100,000 rubles in the income of the simplified tax system.

Can expenses be taken into account?

Expenses cannot be taken into account at the simplified tax system of 6%. Therefore, if your business has high costs, you should think about switching to the simplified tax system “Income minus expenses”.

How to reduce the simplified tax system 6%

One of the advantages of the simplified tax system “Income” is that the tax can be reduced on insurance premiums for individual entrepreneurs and employees. To do this without errors, remember two rules:

Individual entrepreneurs without employees reduce the tax on contributions completely, and individual entrepreneurs with employees and LLCs - by half.
For example, you have no employees, and the simplified tax system for the first quarter was 10 thousand rubles. In the same quarter you paid 8,000 rubles in insurance premiums. You subtract this amount from the simplified tax system and pay 2,000 instead of 10 thousand rubles.
Another situation: you hired employees and paid 20 thousand rubles in insurance premiums for them and for individual entrepreneurs during the first quarter. The simplified tax system for the first quarter is 15,000 rubles. Since you have employees, you only reduce the simplified tax system by half. It turns out that the simplified tax system for the first quarter cannot be lower than 7,500 rubles. As a result, you pay 7,500 rubles instead of 15 thousand rubles in tax.
You can deduct from tax only those contributions that you paid in the same period for which you are calculating tax. For example, on March 1 you paid 15,000 rubles in insurance premiums. You can deduct this amount from the simplified tax system for the first quarter. We wrote a separate article about the rules for reducing taxes, “How to reduce the amount of tax on the simplified tax system.”

Reporting on the simplified tax system “Income” in 2021

Tax on the simplified tax system is paid quarterly, and the declaration is submitted once at the end of the year - this is the most important thing that entrepreneurs on the simplified tax system need to remember. Quarterly payments are called advance payments because you pay them in advance for the whole year.

Every quarter you need to pay tax:

until April 1, 2021 for LLCs, until April 30, 2021 for individual entrepreneurs - final calculation of the simplified tax system for 2021.
until April 25 - for the first quarter of 2021,
until July 25 - for the first half of 2021,
until October 25 - for 9 months of 2021.

Submit your simplified taxation tax return once a year. For 2021, LLCs report until April 1, 2021, and individual entrepreneurs - until April 30, 2021.

In addition, keep a book of income accounting. Record all business income and insurance premiums paid there. This book does not need to be handed over to the tax office until it asks.

Article “How to keep a book of income and expenses.”

Taxes under the simplified tax system

This is a simplified taxation system. Legal entities on the simplified tax system pay tax on profits received from the sale of goods or services and non-operating income, to which, according to Art. 249 and 250 refer to interest on the deposit. According to Art. 346 of the Tax Code of the Russian Federation, the day of receipt of profit is the day the money is credited to the legal entity’s current account. If interest is capitalized (paid to the deposit account), then it is not subject to taxation, because The legal entity cannot use them. As soon as money from the deposit account is transferred to the current account, from that day the organization is obliged to reflect it in tax returns. The tax rate is 6%. The declaration must be submitted by the 25th day of the month following the reporting period.