Tax Code of Ukraine: what else awaits us?
This topic is a kind of complement IT-Ukraine: Caution, the doors are closing!
Immediately make a reservation that I in no way protect either this draft code, or the authorities in particular.
Let's try to consider in more detail the approved draft tax code. What does it really represent, and how much does tax pressure increase, and does it increase at all.
The corporate profit tax is planned to be gradually reduced from 25% to 17%: in 2011 to 20%, and then every year 1% until 2014, when it reaches the level of 17%.
A decrease in pressure of 8% is quite a significant figure.
It is planned to reduce the VAT rate from the current 20% to 17%;
There are two rates in the new code - 17% and 0%. In addition, significantly reduced the number of business areas that are taxed by this type of tax.
It is planned to reduce the number of state taxes from 29 to 17, to abolish 10 local taxes and fees.
Which specifically - so far have not been able to find out exactly.
15% tax is retained for personal income. It should also be noted that for physical. It is planned to establish 17% of individuals with income levels in excess of 50 thousand
It is planned to introduce a 5% tax on interest calculated on the deposit, which does not cause much joy, given the current rates on deposits.
It is planned to reduce the number of enterprises that can take advantage of the simplified tax system.
It is quite logical that the gaming business, foreign exchange operations, wholesale trading, foreign trade, real estate operations, auditing, consulting, etc. fell under the ban. - i.e. in fact, all those areas in which significant financial resources are in circulation.
As for advertising in general, it is connected with the increased popularity of this type of business. Apparently, online advertising also falls under this item.
Regarding e-commerce, the government decided that earning in the Internet business is the same income for individuals as salary.
Without setting limits, when exceeded, the opportunity to use a simplified system disappears - this is certainly a minus.
It is unfortunate that the authorities did not take into account the experience of some countries in which the entrepreneur does not pay taxes during the first years of opening a new business. Although, given the mentality, most likely enterprises would simply be created in a new way.
In general, there are shifts for the better. However, it should be noted that barriers to entry into the market of new enterprises are increasing.
Also, unfortunately, you can forget about making money on the Internet without taxes. It should be noted that the new code will affect a number of Internet providers who enjoy the right to simplified taxation.
Of the unpleasant innovations, it should be noted a new tax on deposits in the amount of 5% - although not much, but still unpleasant.
According to the law, double taxation is prohibited in Ukraine.
But if we look in the context, we get the following:
1) we buy raw materials, which may include VAT
2) we sell goods and pay VAT to the state (VAT on sales minus VAT in the cost of raw materials, etc.)
3) part of the cash as a profit, it is taxed by NPP
4) NPP on a deposit account and taxed by deposit tax
5) in order to pay a
salary, we calculate the fund and pay deductions from the Social Insurance Fund, Federal Tax Service, etc. (38% +) 6) when calculating the salary we pay individual tax
7) we go to the store goods for earned salary and pay VAT again.
Therefore, the "double" must be understood precisely as a double, not multiple ...
Who is very interested in the whole range of innovations and changes, I recommend reading the draft presented at the meeting on 06/09/2010
Immediately make a reservation that I in no way protect either this draft code, or the authorities in particular.
Let's try to consider in more detail the approved draft tax code. What does it really represent, and how much does tax pressure increase, and does it increase at all.
Business Profit
The corporate profit tax is planned to be gradually reduced from 25% to 17%: in 2011 to 20%, and then every year 1% until 2014, when it reaches the level of 17%.
A decrease in pressure of 8% is quite a significant figure.
Change in VAT
It is planned to reduce the VAT rate from the current 20% to 17%;
There are two rates in the new code - 17% and 0%. In addition, significantly reduced the number of business areas that are taxed by this type of tax.
National taxes
It is planned to reduce the number of state taxes from 29 to 17, to abolish 10 local taxes and fees.
Which specifically - so far have not been able to find out exactly.
Individual income tax
15% tax is retained for personal income. It should also be noted that for physical. It is planned to establish 17% of individuals with income levels in excess of 50 thousand
New taxes
It is planned to introduce a 5% tax on interest calculated on the deposit, which does not cause much joy, given the current rates on deposits.
Simplified System Changes
It is planned to reduce the number of enterprises that can take advantage of the simplified tax system.
It is quite logical that the gaming business, foreign exchange operations, wholesale trading, foreign trade, real estate operations, auditing, consulting, etc. fell under the ban. - i.e. in fact, all those areas in which significant financial resources are in circulation.
As for advertising in general, it is connected with the increased popularity of this type of business. Apparently, online advertising also falls under this item.
Regarding e-commerce, the government decided that earning in the Internet business is the same income for individuals as salary.
Without setting limits, when exceeded, the opportunity to use a simplified system disappears - this is certainly a minus.
It is unfortunate that the authorities did not take into account the experience of some countries in which the entrepreneur does not pay taxes during the first years of opening a new business. Although, given the mentality, most likely enterprises would simply be created in a new way.
Total
In general, there are shifts for the better. However, it should be noted that barriers to entry into the market of new enterprises are increasing.
Also, unfortunately, you can forget about making money on the Internet without taxes. It should be noted that the new code will affect a number of Internet providers who enjoy the right to simplified taxation.
Of the unpleasant innovations, it should be noted a new tax on deposits in the amount of 5% - although not much, but still unpleasant.
Paradox
According to the law, double taxation is prohibited in Ukraine.
But if we look in the context, we get the following:
1) we buy raw materials, which may include VAT
2) we sell goods and pay VAT to the state (VAT on sales minus VAT in the cost of raw materials, etc.)
3) part of the cash as a profit, it is taxed by NPP
4) NPP on a deposit account and taxed by deposit tax
5) in order to pay a
salary, we calculate the fund and pay deductions from the Social Insurance Fund, Federal Tax Service, etc. (38% +) 6) when calculating the salary we pay individual tax
7) we go to the store goods for earned salary and pay VAT again.
Therefore, the "double" must be understood precisely as a double, not multiple ...
Who is very interested in the whole range of innovations and changes, I recommend reading the draft presented at the meeting on 06/09/2010