Procedure for taxation of individual entrepreneur who carries out independent professional activity
Procedure for taxation of individual entrepreneur who carries out independent professional activity

Summary/Abstract: The article is devoted to the study of the peculiarities of taxation of natural persons-entrepreneurs who carry out independent professional activity. According to the provisions of paragraphs. 14.1.226 art. 14 and item 65.9 of Art. 65 of the Tax Code of Ukraine, a person who is registered as an entrepreneur and carries out independent professional activity, is registered in the supervisory authorities as a natural person - entrepreneur with a sign of independent professional activity. As a general rule, the current legislation of Ukraine does not prohibit an individual who carries out independent professional activity to be an entrepreneur in the context of carrying out this independent professional activity, and to carry out other entrepreneurial activity not prohibited by law. At the same time, the certain types of independent professional activity, in particular, the activity of notaries and private executors, there is a direct prohibition on its implementation as entrepreneurial. The question of the possibility of registering a lawyer as a individual-entrepreneur is still debatable. A person who is registered with the fiscal authorities as a individual-entrepreneur with a sign of independent professional activity, keeps records, submits reports and determines the tax base in the manner prescribed for individual-entrepreneurs. The said person is exempt from paying the single social contribution if the type of activity for which he is registered as a individual-entrepreneur is identical to the type of independent professional activity. The procedure of taxation of individual entrepreneurs engaged in independent professional activity, compared to the general procedure of taxation of persons engaged in independent professional activity, has the potential to reduce the tax burden, as a individual-entrepreneur has the opportunity to pay a single tax and a single social contribution in the minimum amount. At the same time, the legal uncertainty of the legal provisions that constitute the legal basis for the activities and taxation of individual-entrepreneur who carry out independent professional activities, leads to numerous legal conflicts and complicates the application of this procedure in practice

• Details
• Contents