Payment of the pension tax is regulated by the Federal Law No. 167, is made in the budget of the Pension Fund of the Russian Federation and is mandatory. The personal purpose of payment of insurance contributions is to ensure the right of citizens of the Russian Federation to receive pension payments, considered on their individual account. The entry into force of this law provides for the payment by taxpayers of deductions, even if it does not operate or is not currently making a profit.
Individual entrepreneurs pay the Pension Fund fixed contributions, which consist of insurance part and accumulative (for payment are two payment or two receipts). Payment may be made quarterly or once a year.
Also, entrepreneurs are obliged to pay contributions to the compulsory health insurance Fund (territorial and Federal). Accept payments these taxes only in the savings Bank, however, if payment from the settlement account in any Bank additional interest will be waived.
These contributions are about reducing the amount of the tax (if activity shall apply the simplified system of taxation), but not more than 50%. Payment amounts are calculated in accordance with the current minimum wage, and to increase it correspondingly grow and the amount of fixed payments.
Unlike taxes, insurance payments to the pension Fund respond to signs of repayment. Upon receipt of each amount in the budget of the Pension Fund they personifizierte and accounted for on opened for each insured person's individual account.
According to the Law No. 167 individual entrepreneurs the insured directly as entrepreneurs and as the persons making payments to other individuals. If the entrepreneur applies to both categories of policyholders for each base separately, they must be made of the payment of insurance premiums.
The reduction of the amount of tax possible only if there are no delays for holding fixed payments.
If the payment is made once a year, you can reduce the amount of tax in the quarter, accounting for payment.