Each company independently chooses the form of accounting that suits him best.

Each company independently chooses the form of accounting that suits him best.

Each company independently chooses the form of accounting that suits him best.

The basis for accounting records for the movement and balances of health, as well as operations related to their current operation, are their primary documents.

Data on health are recorded in the statement in a positional way for each object separately.

Each company independently chooses the form of accounting that suits him best.

literature<p> State Classifier of Ukraine "Classification of fixed assets": closed Order of the State Committee of Ukraine for Standardization, Metrology and Certification No. 507 from 19.08. 97 RUR // Chief Accountant. -1998 – # 10. -WITH. 18-23.Tkachenko NM Accounting at the enterprises of Ukraine with different forms of ownership. -K.:"A. S. K. " 1998, 780 p.

03/15/2011

Fundamentals of personal income taxation. Abstract

The abstract presents the basics of income taxation of income from employment and business activities

Taxation of income of citizens in Ukraine is carried out in accordance with the Law of Ukraine "About personal income tax" from 22.05. 2003, which entered into force on January 1, 2004.

Taxpayers are:

a resident who receives his income from the source of their origin from the territory of Ukraine, as well as foreign income; a non-resident who receives his income from the source of their origin from the territory of Ukraine.

The object of taxation of a resident is:

total monthly taxable income; net annual taxable income, which is determined by reducing the total annual taxable income by the amount of the tax credit of such reporting period; foreign income.

The object of taxation of a non-resident is:

total monthly taxable income with the source of its origin from Ukraine; total annual taxable income with the source of its origin from Ukraine.

When accruing income in the form of currency values, the value is converted into hryvnia at the exchange rate of the National Bank of Ukraine in force at the time of receipt of such income.

When accruing income in any non-monetary form, the object of taxation is defined as the value of such accrual, determined at normal prices, multiplied by a factor calculated by the following formula:

K = 100 / (100-Sp),

where K is the coefficient;

SP – the tax rate set for such income at the time of accrual.

The cost of such accrual is determined based on the normal price, increased by the amount of VAT, excise duty (if excisable goods are provided). Total monthly taxable income includes:

income in the form of wages, other payments; income from the sale of intellectual property rights, the amount of royalties; the amount of taxable gifts; the amount of insurance payments, insurance claims; part of income from property transactions; income from the lease of property; income received by the payer from his employer as an additional benefit.

This income comes in the form of:

a) the cost of housing provided free of charge; b) the value of property and food received free of charge; c) the cost of services of domestic service personnel received free of charge by the payer; d) the amount of actual assistance, including the amount of debt of the taxpayer, canceled by the creditor; e) the value of goods received free of charge, as well as the amount of the discount on the price of goods; f) income in the form of penalties, penalties received by the payer;

the amount of the payer’s debt for which the call statute of limitations has expired, except for the amounts of tax debt;

income in the form of interest, dividends, winnings, prizes;

investment income from securities transactions, income in the form of the value of inherited property;

funds or property received by the payer as a bribe, stolen or found as treasure, not handed over to the state, confirmed by a court sentence, others.

Revenues do not include:

the amount of state targeted assistance, subsidies, grants, rewards and insurance payments, which are paid in accordance with the budgets, pension funds and social insurance funds; the amount of funds received by the payer on a business trip; income received from securities issued by MFIs, winnings in the state lottery; amounts of payments or reimbursements made by non-profit organizations (Red Cross, Chornobyl Fund); alimony; cost of free food, work clothes, shoes; dividends accrued in favor of the payer in the form of shares; income received by a person from his / her entrepreneurial or independent professional activity, if such person has chosen a simplified system of taxation of such income; the amount of scholarships; others.

Tax credit – the amount of expenses incurred by a resident taxpayer in connection with the purchase of goods (works, services) from residents during the reporting year, the amount of which is allowed to reduce the amount of its total taxable income. The buy best compare and contrast essay now payer has the right to include in the tax credit:

part of the interest on the mortgage loan; the amount of funds transferred in the form of donations or charitable contributions to non-profit organizations; the cost of secondary professional or higher education of the payer or family member; the amount of expenses for the treatment of the payer or family member in amounts not covered by payments from the fund of compulsory health insurance; the amount of costs for the payment of insurance premiums for long-term life insurance and private pension insurance; the amount of costs for artificial insemination; payment of the cost of public services related to the adoption of a child; other.

The tax credit may not exceed the amount of income received. The right to a tax credit is not transferred to the next year if the taxpayer did not use it in the reporting year.

The law defines social tax benefits. The taxpayer has the right to reduce the amount of monthly income received from one employer in the form of wages by the amount of social tax benefits. It is applied at the place of receipt of the main income of the payer in the following amounts:

The social tax benefit is equal to one minimum wage for any taxpayer.

In the amount of 150% of the minimum wage for payers:

is a single mother or father – for each child under 18 years; maintains a child with a category 1 and 2 disability – for each child under 18 years of age; has three or more children – for each child under 18 years; is a widower or widow; is a person referred to the 1st and 2nd categories affected by the Chernobyl nuclear power plant; is a pupil, student, graduate student, military serviceman.

In the amount of 200%:

persons who are Hero of Ukraine, Hero of the Soviet Union; participant in the hostilities of World War 2; former prisoners of concentration camps who were forcibly deported from the territory of the USSR.

The social tax benefit is applied to the income received by the taxpayer as a salary during the reporting tax month, if its amount does not exceed the amount of the monthly subsistence minimum for able-bodied persons, established on January 1 of the reporting tax year , multiplied by 1.4 and rounded to the nearest 10 hryvnias.

The tax rate is 15%. The rate for 2004 is set at 13%. Interest on the deposit, on the savings certificate is taxed at a rate of 5%. Double the rate is applied to winnings or prizes (except for state lotteries).

Taxation of personal income from business activities. Taxation of natural persons-subjects of entrepreneurial activity may be carried out under the conditions of the general system of taxation or under the conditions of the simplified system of taxation of accounting and reporting.

One of the types of the general system is taxation at a fixed amount of tax by acquiring a patent, which in essence belongs to the simplified system of taxation.

The entrepreneur independently decides which method of taxation is more suitable for him in carrying out business activities, based on the relevant conditions.

For small business entities of individuals in accordance with the Decree of the President of Ukraine "On the simplified system of taxation, accounting and reporting of small businesses" from 3.07. In 1998, a simplified system of taxation, accounting and financial reporting was established.

A simplified system of taxation, accounting and reporting is introduced for small businesses – individuals who carry out business activities without creating a legal entity and in employment relationships with which, including members of their families, during the year is not more than 10 people and whose revenue from sales of products (goods, works, services) per year do not exceed 500 thousand hryvnias;

Revenue from the sale of products (goods, works, services) is the amount actually received by the business entity to the current account or (and) at the box office for the sale of products (goods, works, services).

The rate of the single tax for small businesses – individuals is set by local councils at the place of their state registration, depending on the type of activity and can not be less than 20 hryvnias and more than 200 hryvnias per month.

If a natural person – a small business entity carries out several types of business activities for which different rates of the single tax are set, he acquires one certificate and pays a single tax that does not exceed the established maximum rate.

If the single tax payer carries out business activities with the use of hired labor or with the participation in business activities of his family members, the single tax rate is increased by 50 percent for each person.

Entrepreneur – a natural person who pays a single tax, is exempt from the obligation to accrue, deduct and transfer to the state trust funds fees related to the payment of wages to employees who are in an employment relationship with him, including its members family.

Entrepreneurial entity – an individual pays a single tax no later than the 20th day of the following month to a separate account of the branches of the State Treasury of Ukraine.

Under the general system, income tax is levied on income of citizens received during the calendar year from business activities without the creation of a legal entity, and other income of citizens received by them from independent or independent professional activity, including private notarial and legal activities …

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