A micro-enterprise taxpayers have the option to use the simplified tax payment solution – an operating income account within the meaning of the law “On Taxes and Fees” for the calculation and payment of the micro-enterprise tax.
Within the framework of mentioned solution micro-enterprise taxpayers do not have to submit a quarterly return of micro-enterprise tax and pay micro-enterprise tax in the general procedure, but this will be provided by the credit institution and the State Revenue Service.
The general regulation on the simplified tax payment solution – an operating income account is laid down in the law “On Taxes and Fees”. The Micro-enterprise Tax law lays down regulation regarding the application of the micro-enterprise tax.
Conditions for micro-enterprise taxpayers to use the simplified tax payment solution – an operating income account:
- the micro-enterprise taxpayer complies with the conditions laid down in the law “On Taxes and Fees” regarding the use of the simplified tax payment solution;
- the micro-enterprise taxpayer does not have micro-enterprise tax debts on the day when he or she applies for the use of the simplified tax payment solution;
- all operating income of the micro-enterprise taxpayer has been transferred or paid into the operating income account;
- the micro-enterprise arranges accounting in a single entry system.
If the micro-enterprise taxpayer has earned economic activity revenue in cash during the taxation year, he or she shall pay all cash into the operating income account within 15 days from the day of receipt of cash but not later than:
- until 31 December of the taxation year (in general case);
- until termination of economic activity if the micro-enterprise taxpayer terminates economic activity during the taxation year;
- until termination of the use of the simplified tax payment solution if the micro-enterprise taxpayer terminates the use of the simplified tax payment solution during the taxation year.
Micro-enterprise taxpayer can start using the simplified tax payment solution:
- from the day of acquiring the status of a micro-enterprise taxpayer – if the owner of a newly established micro-enterprise chooses to be a micro-enterprise taxpayer;
- from 1 January of the next taxation year – if the enterprise income taxpayer or personal income taxpayer changes the applicable tax scheme to the micro-enterprise tax scheme from the following taxation period;
- from the first date of the following quarter – if the micro-enterprise taxpayer is already operating in the micro-enterprise tax scheme.
The simplified tax payment solution can be terminated in one of the following ways:
- from the first date of the following quarter;
- from the day when it loses the status of a micro-enterprise taxpayer.
If a micro-enterprise taxpayer does not comply with the conditions laid down in the Micro-enterprise Tax law or the law “On Taxes and Fees” in relation to the use of the simplified tax payment solution, he or she shall submit the quarterly micro-enterprise tax return for the current quarter and pay the micro-enterprise tax in accordance with the general procedures.