The tax on personal income

Payers of income tax for individuals (hereinafter - the personal income tax) shall be:

    individuals who are residents of the Russian Federation (RF residents - are individuals, actually located on the territory of the Russian Federation not less than 183 days per calendar year)
    Individuals - non-residents receiving income from sources in the Russian Federation.

Object of taxation PIT - personal income.
The tax base for personal income tax revenues are recognized all of the taxpayer, either in cash or in kind, as well as income in the form of material gain. In addition, for income in kind tax base is determined based on market prices.
The tax period for personal income tax is the calendar year.
The list of income not subject to tax personal income, in particular, include state benefits, except for temporary disability benefits (including benefits for the care of a sick child), state pensions, compensation payments within the established norms and other revenues.
When determining the tax base, the taxpayer is entitled to receive tax deductions that apply to income taxed at the minimum rate (13%).
Tax deductions on personal income tax
There are 4 types of deductions for personal income tax - standard, social, property and professional. The following provides information about each type of tax deductions.

1. Standard deductions for personal income tax include:

    residue 3000 rubles - for each month of the tax period in such category of taxpayers, as the person who received or had undergone radiation sickness and other diseases with the Chernobyl accident, the persons directly involved in nuclear tests, disabled WWII and other military conflicts, and a number of others;
    residue 500 rubles - for each month of the tax period in such category of taxpayers, as the heroes of the Soviet Union, Russian Federation, the participants of the Second World War, blockade, inmates of concentration camps, disabled since childhood, disabled groups I and II and several others;
    residue 400 rubles - the taxpayers are not entitled to a deduction in 3000 or 500 rubles for each month of the fiscal period before the month in which their income, calculated cumulatively from the beginning of the fiscal period, exceeds 20 000;
    deduction of 600 rubles is available to taxpayers who are parents, spouses parents, foster parents, guardians, for each child in their provision, for each month of the fiscal period prior to the month in which their income, calculated cumulatively from the beginning of the fiscal period, exceeds 40 000 rubles. This tax deduction is provided for each child under 18 years of the taxpayer, as well as full-time student teaching, graduate student, intern, student, disabled from childhood to 24 years from the month of birth until the end of the year in which the child is age appropriate. Widows (widowers), lone parents or guardians the deduction is given twice the amount up to a month following the month of their marriage.

Standard deductions are granted the taxpayer a tax agent as the source of income payments, at the option of the taxpayer on the basis of his written statements and documents confirming the right to such payments.

2. Social and property tax deductions.

Provided a written statement of the taxpayer when filing a tax return at the end of the tax period.

3. Professional tax deductions.

The right to obtain professional tax deductions are, in particular, individual entrepreneurs in the amount actually produced by them and documented expenses that are directly related to the recovery of income. The composition of these expenses are deductible is determined by the taxpayer on his own in the same order as the order of determining the cost for tax purposes, established by Chapter 25 of the Tax Code, "Corporate income tax." If taxpayers are unable to document their expenses associated with operating as sole proprietors, the professional tax deduction at the rate of 20% of total income received from self-employed business.
Tax rates on personal income tax are:

    13% - a single tax rate on all income, except as outlined below;
    30% - on all income of nonresidents;
    9% - on income from dividends from equity participation in organizations;
    35% - on income in the form of:

    prizes and awards from the advertising campaigns in excess of 2000 rubles;
    insurance premiums for voluntary insurance in excess of the amounts of insurance premiums;
    Interest income on bank deposits in excess of the amount calculated based on the current refinancing rate of Central Bank of Russia, during the period for which accrued interest on ruble deposits (except for urgent pension contributions made for a period of not less than 6 months) and 9% per annum on deposits in foreign currency;
    amounts of savings in interest on borrowed funds in excess of ¾ refinancing of loans in rubles, and 9% for loans in foreign currency (except for material benefit arising on the targeted loans for the purchase or construction of housing, which is taxed at 13%) .

Individual entrepreneurs and persons engaged in private practice, calculate the tax payable on the basis of the tax period, based on their own down payment and pay it at the place of the taxpayer not later than 15 July of the year following the reporting period.
Advance payments on personal income tax paid by individual entrepreneurs on the basis of tax notices on the following dates:

    January - June - July 15 - ½ the annual amount of advance payments;
    for July - September - 15 October - ¼ annual amount of advance payments;
    for October - December - 15 January next year - ¼ annual amount of advance payments.

Tax return for personal income tax is available until 30 April of the year following the tax period.
Other issues related to personal income tax, should be studied directly in the text of the Tax Code and related statutes.

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