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Individual entrepreneurs on a simplified taxation system will be exempt from reporting

Individual entrepreneurs who use the simplified tax system and switched to the use of online cash desks will be able to get rid of almost all reporting already next year. This was stated by Deputy Head of the Federal Tax Service of Russia Dmitry Satin.

According to Satin, all information of interest to tax authorities on the activities of individual entrepreneurs can be transmitted to the IFTS using online cash desks. Submitting any additionally reports is not required. The tax authority will independently calculate the tax amount according to the data transmitted by the cash desk, and will send a notice of payment.

Earlier the head of the Federal Tax Service, Mikhail Mishustin said that the introduction of online cash desks will significantly simplify tax administration.