Does an Individual entrepreneur have the right to dispose freely the income of commercial activity remained after tax payment?

Individual entrepreneur has the right to dispose the income of commercial activity independently and at any time. He can spend these funds for personal needs without any explanations and limitations, because there are no such requirements in the laws. The Individual entrepreneur calculates and pays the tax from the amount of income. It doesn’t matter what funds are used for payment of the tax. That’s why the obtained income can be totally spent for business or personal needs of the Individual entrepreneur.

  

©Professional consultation of the “RosCo” company

Date of foundation
company «ROSCO»
2004
Membership in professional organizations:
SRO NP «Audit Chamber of Russia»
(Certificate No 1809 dated 28.12.2009)
Chamber of Tax
Consultants
(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)
Non-Profit
Partnership of Turkish Entrepreneurs (RTIB)
Ratings:
A++1+++1++[%]
(as per the results of 2009 -
А++1+++1+[%])
Company
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)
Professional
liability
is insured