Tax incentives provide for full or partial exemption from taxes for certain categories of payers (they are valid for both legal entities and individuals). This right is granted by the state.
Instructions
Step 1
Any benefits are unprofitable for the state, as they reduce revenues to the budget. On the other hand, those who are granted benefits have an opportunity to improve their well-being. There are the following types of tax benefits: exemptions; tax credits; liberation.
Step 2
Withdrawals. This type of benefits is expressed in the exclusion of certain items of income (from certain types of activities) from the tax base. For example, according to article 251 of the Tax Code, when calculating property tax, certain types of property are exempt from the tax burden. Allocate: seizures of certain categories of persons, which can be both permanent and urgent, the so-called tax holidays. For example, according to an international agreement, there is tax immunity for foreign consulates; minimum profit not taxed, that is, everything that is higher than the established minimum is taxed (for example, incomes less than 4,000 rubles, which are received under certain items of income established by the state, are not subject to taxation).
Step 3
Tax discounts. The taxpayer is given the right to reduce the tax base by the amount of his expenses for purposes that are encouraged by society or the state. For example, this includes the costs associated with professional training and retraining of taxpayer employees.
Step 4
Liberation. This benefit can reduce the tax rate or the amount of taxes. Allocate: a reduction in the tax rate, for example, for businesses that receive dividends, the tax rate is reduced to 0 percent; a decrease in the amount of salary is the most tangible benefit, in which the very amount of tax payable is reduced; tax deferral and installment plan. When the payment is deferred, its term is transferred to a longer-term one, and when the payment is deferred, the amount of tax is, as a rule, divided into equal parts and paid in the specified periods; tax credit - interest is withheld for its use. To get a loan, you need to sign an agreement; full refund of the tax that was previously paid, or part of it (for example, in case of re-export, the amount of tax paid when exporting goods abroad is refunded to the taxpayer upon their import); previously paid tax credits are used very effectively for the purpose of avoiding double taxation.
