The law allows entrepreneurs applying a simplified taxation system to reduce taxes paid to the budget by the amount of their fixed contributions to off-budget funds. A prerequisite for this is that you must make contributions in the same quarter, the advance tax payments for which you pay. The second limitation is that the tax amount can be reduced by no more than half.
It is necessary
- - the amount of social security contributions that you paid for the quarter;
- - the amount of tax payable for the same quarter;
- - calculator.
Instructions
Step 1
The total amount of compulsory social contributions in 2011 is about 16 thousand rubles. Thus, with a quarterly payment, you must make a payment in each quarter, on average, 4 thousand rubles. You have the right to pay more or less. The law contains only two restrictions on contributions to off-budget funds: the amount that you must pay to each of the funds for the year, regardless of your income, and the deadline until which it must be paid in full is December 31st. You can pay contributions to the Pension and other funds both by transfer from the current account of an individual entrepreneur or any other, or in cash through Sberbank.
Step 2
The amount by which you are entitled to reduce tax payments directly depends on the amount of tax that you must transfer to the budget. For example, if your tax for a quarter was 8 thousand rubles, and you paid 4 thousand rubles to extra-budgetary funds in this quarter, the tax amount can be reduced exactly by half - by 4 thousand rubles. Accordingly, as a tax, you transfer 4 thousand rubles to the budget instead of 8 thousand rubles.
Step 3
For comparison, it is worth considering the option when the deductions are less than half of the tax amount. For example, you paid the same 4 thousand rubles to off-budget funds, and you must transfer 9 thousand rubles to the budget in the form of a single tax due to the application of the simplified taxation system. In this case, you deduct from the payment amount all your contributions to extrabudgetary funds. Thus, if you paid 4 thousand rubles there, 5 thousand rubles should come from you to the budget as a tax.
Step 4
Another option is when the deductions you made to the budget exceed 50% of the tax amount. For example, you paid the same 4 thousand rubles to extra-budgetary funds, and your tax has accumulated by 6 thousand rubles at the end of the quarter. In this case, simply halve the tax amount. And it turns out that you must transfer the budget with the specified input to 3 thousand rubles.
Step 5
When filling out your tax return, do not forget to reflect on it all your insurance premiums to extra-budgetary funds on a quarterly basis. In practice, the majority uses various electronic services or specialized computer programs to form a declaration, which only need to specify all the necessary information, including social contributions. Then the program or system will calculate everything by itself, and at the output you will receive a declaration reflecting all the tax reductions to which you are entitled.
