Payment of tax by individual entrepreneurs

Individual entrepreneurs calculate on their own the tax on income received from entrepreneurial activity

By calculating the following amounts are not taken into account:

income on types of activities subject to unified tax on imputed income
all income from entrepreneurial activity if the entrepreneur applies the simplified system of taxation

The tax is paid in the form of advance payments during the year and a final payment at the end of the year

	Calculation of advance payments
	Calculation of advance payments is effected on the basis of a preliminary tax return which is filed to the tax body in case that during the year income from entrepreneurial activity was received (within five days upon expiry of the month in which the income was received). This return shall contain the amount of the assumed income in the current tax period (shall be determined by the taxpayer on his own) In case of substantial increase or decrease of income during the tax period (more than by 50%), a new tax return containing the corrected tax amount shall be submitted in this period Calculation of the amount of advance payments is effected by the tax body on the basis of the amount of assumed income indicated in the preliminary tax return. Calculation of the final payment is effected by the taxpayer in accordance with the final tax return taking standard and professional tax deductions into account

Due dates

Type of payment	Due date	Amount to be paid
Advance payment for January - June	Not later than July 15 of the current year	1/2 of annual amount of advance payments
July - September	Not later than October 15 of the current year	1/4 of annual amount of advance payments
October - December	Not later than January 15 of the following tax year	1/4 of annual amount of advance payments
Final payment	Not later than July 15 of the following tax year	Margin between tax amount calculated according to tax return and aggregate amount of tax advance payments

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