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.

©Professional consultation of the “RosCo” company

Date of foundation
company «ROSCO»
Membership in professional organizations:
SRO NP «Audit Chamber of Russia»
(Certificate No 1809 dated 28.12.2009)
Chamber of Tax
(Certificate No 78)
NP «Partnership of RSE»
(Russian Society of Evaluators)
Membership in public association:
Moscow Chamber
of Commerce and Industry
(Certificate No 123-973 dated 21.12.2009)
Partnership of Turkish Entrepreneurs (RTIB)
(as per the results of 2009 -
is included in the register of reliable enterprises of Moscow
Certificates of conformity:
Certificate of conformity to the requirements of GOST R ISO 9001-2008 (ISO 9001:2008)
is insured