According to the proposed amendments to the Tax Code, 25 percent of the amount of compulsory state social insurance (MDSS) paid by natural persons who are micro-entrepreneurs for a period of 3 years from January 1, 2024, in the following manner and from simplified tax obligations (from the amount of those obligations) not more) is subtracted:
1. Income tax payers from income tax liability in proportion to the MDSS they pay annually;
2. Payers of the simplified tax will be exempted from the simplified tax liability by 1 ruble in proportion to the MDSS they pay.
This means 25% cashback!
It should be noted that the bill containing these changes was voted on at the Plenary session of the Milli Majlis on November 21, 2023 and adopted in the second reading.
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