What income restrictions are provided by the legislation for passage to the STS (Simplified taxation system)?
Organization has a right to pass to the STS, if according to nine-month results of the year when organization applies for passage to the STS, income, evaluated according to art. 248 of Tax Code of the Russian Federation didn’t exceed 45 mln. Roubles. Limiting income amount has been increased from 20 mln. to 60 mln. for reporting (taxation) period, and if it is exceeded taxpayer is considered as forfeited the right for the STS application. However increased limiting income amount isn’t liable to indexation. The effect of par. 2 of item 2 of art. 346.12 of the Tax Code of the Russian Federation is suspended by law No. 204-FZ till the 1st of January 2013.
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