How To Find Out The Amount Of Tax

Table of contents:

How To Find Out The Amount Of Tax
How To Find Out The Amount Of Tax

Video: How To Find Out The Amount Of Tax

Video: How To Find Out The Amount Of Tax
Video: How To Calculate Federal Income Taxes - Social Security & Medicare Included 2024, December
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Individuals - citizens of the Russian Federation are payers of certain taxes, the majority of which face the obligation to pay once a year. The peculiarity of the personal income tax is that all individuals who receive income in the Russian Federation are its payers, and employers who are legal entities are tax agents directly transferring tax amounts to the budget system.

How to find out the amount of tax
How to find out the amount of tax

Instructions

Step 1

The personal income tax rate is 13%. Thus, to find out the amount of tax that you pay monthly, multiply your salary by 0. 13. To avoid possible confusion, keep in mind that this tax is calculated from the salary established by the employment contract or the tariff scale, that is, it is subject to the so-called “white part of the salary.

Step 2

The calculation of the transport tax is somewhat more complicated. The taxable base for it is the power of the vehicle's engine, measured in horsepower. At the same time, the principle is observed: the higher the capacity, the higher the tax rate. To find out the tax amount, multiply the horsepower of your car by the corresponding tax rate. Keep in mind that transport tax is a regional tax, and therefore its rates are approved in each constituent entity of the Russian Federation by regional authorities.

Step 3

Land tax is a local tax. Its rates are set as stable payments per unit of land area. Please consult your local laws to find out the tax and the applicable rate in the area where your site is located. The easiest way to do this is by calling the tax office or studying the information on the website of the relevant tax office.

Step 4

Another of the most important taxes paid by individuals is property tax. This tax, like the land tax, is a local tax that is credited to local budgets. To find out the amount of property tax and the procedure for paying it, the easiest way, again, is to contact the tax office at the location of the taxable property.

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