17:54 - 27.12.2018

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December 27, Fineko/abc.az. Employees of service contract can hardly be payers of simplified tax. Natig Shirinov, general director of the Department of Economic Analysis & Expertise of the Ministry of Taxes, underlined that the matter was also taken into account when amending the tax legislation: 

"Starting from next year, employees working within service contracts will not be able to become payers of simplified tax as they will have to switch to the regime of income tax. In transition to income tax regime, an individual working with an INN and receiving an income of 1,000 manats a month, in case of absence of expenses, will calculate up to 20% of his income - 200 manats. The state will apply benefits in the amount of 75% of the calculated tax. That is an individual who worked within the service contract and earned 1,000 manats, will pay income tax in the amount of 50 manats a month." 

Shirinov pointed out that the INN-holding taxpayer with less costs can pay a lower tax amount. For example, if he spends 300 manats to receive 1,000 manats a month, then 20% (140 manats) of income tax will be accrued from the remaining 700 manats. Due to the fact that the law provides benefits in the amount of 75%, a total of 35 manats of tax will be paid.