FLAT-RATE TAXATION OF INCOME FROM SELF-EMPLOYMENT

Abstract

This paper discusses the taxation of self-employment who are in the system of flat-rate taxation of income from self-employment. It is assumed that the legal framework, the Income Tax Act and the Ordinance on flat-rate taxation of self-employment, facilitates the decision to join the world of entrepreneurship, and that various forms of income from gray emissions are legalized, primarily due to the advantages over other forms of business carry with it. The advantage of flat-rate taxation of self-employment income is simpler bookkeeping and a lower contribution base, as well as clearer planning of tax liabilities. The paper presents the manner in which crafts are initiated in the flat-rate taxation system, the calculation of annual tax, and the manner of keeping business accounting of self-employment in the flat-rate taxation system.