Many entrepreneurs choose selling goods through marketplaces as their main activity, and having chosen it, they make three main mistakes. We will talk about these mistakes further.
- Choosing the wrong tax system
- Incorrect calculation of the tax base and underestimation of the tax amount
- Managing Sales on Marketplaces Without an Accountant
Now let’s take a closer look at each of the errors and their consequences.
Mistake #1: Choosing the wrong tax system
Patent. It is not possible to trade on a patent through marketplaces, because online trading is not considered retail for the purposes of applying the patent taxation system ( subparagraph 1 of paragraph 3 of Article 346.43 of the Tax Code of the Russian Federation ).
Self-employment. Some platforms, greece phone number list such as Wildberries, cooperate with the self-employed. But the self-employed cannot sell other people’s goods or hire workers. Trading through marketplaces is available to the self-employed who sell their own products and do not earn more than 2.4 million rubles per year.
OSNO (General Taxation System) is a rather complicated taxation system for beginning entrepreneurs. It involves quarterly calculation and payment of VAT and personal income tax to the budget, as well as preparation brandi hammond hr analyst and submission of relevant tax declarations to the tax office in electronic form. The tax expenses of an entrepreneur using OSNO may be higher than the expected income.
USN (Simplified Tax System)
There are two types of simplified taxation system: “income” and “income minus expenses”. If the object of taxation is income, the rate will be 6%. If the object is income reduced by the amount of expenses, the rate is 15%.
Often, entrepreneurs choose what they consider to be the simplest taxation system – the simplified tax system with the taxable object being income and a tax rate of 6%.
But the tax system USN – Income is not beneficial to sellers. With this tax system, an entrepreneur pays tax on income and cannot take into account his expenses. And there are many expenses: this is the cost of purchased goods and material data / or manufactured products, and costs associated with sales: marketplace fees, storage and delivery services, bank fees and many other commercial expenses.