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According to the STI, the commercial certificates, the procedure to issue the changes in the second half of the year, had been acquired by a total of approximately 27.5 thousand people this year. population.
‘Residents who wish to continue providing these services can register an individual activity on the basis of a certificate or choose another form of activity. The Tax Inspection consultants will provide residents with all the relevant information on how to do it, – says Stasė Aliukonytė – Šnirienė, Director of the ITS Tax Obligations Department. – Meanwhile, for residents who rent residential premises (without the provision of accommodation services), the fact is that previously it was possible to rent, for example, two apartments with a commercial license, after July 1. in this case, it will be necessary to obtain separate commercial certificates for the lease of each object “.
According to the STI, around 10.1 thousand people have purchased a commercial license for the lease of residential premises this year. population. 93 percent. residents who acquired this commercial certificate leased from 1 to 3 objects. For rent of residential premises from July 1. 229 residents have already acquired 323 business licenses.
How to register an individual activity according to the certificate?
The ITS reminds that the most convenient way to record individual activities according to the certificate is e. connecting to the STI My STI service portal. The resident must choose the service “Registration / completion of the individual activity” and complete the application. The request must be submitted no later than the start date of the activity.
At the end of the year, the resident should not forget to file an annual income statement and indicate the amount of income received from the activity and pay the calculated personal income tax (hereinafter PIT).
Taxation of individual activities under the certificate
The ITS recalls that currently the amount of personal income tax for people who carry out individual activities according to the certificate is variable, depending on the taxable income earned. When the taxable income does not exceed 20 thousand. per year, a 5% rate, and if this amount is exceeded, the rate will be increased and calculated according to the relevant formulas. When the taxable income reached 35 thousand. A fixed rate of 15% per year applies. income tax rate. You can find the individual activity tax calculator here.
A resident who conducts an individual activity under a certificate must also complete an Income and Expense Accounting Journal and must issue one of the accounting documents to the buyer of goods or services: an invoice, a VAT invoice, or a cash register receipt.
For residents participating in individual activities: an i.APS virtual counter
It is observed that the population that carries out individual activities according to the certificate or that acquires commercial certificates can complete the e-way of the income and expense accounting journal, with the virtual counter i.APS created by the STI.
The Self-Employed Accounting Program helps simplify the management of operating income and expenses and saves time spent completing paper documents and calculating taxes. It is possible to issue a VAT invoice, an invoice or a receipt for the sale of goods (services) directly in the program, the data is automatically transferred to the electronic journal.
According to the data from the Income and Expense Journal maintained by i.APS and the data provided by third parties, the STI will prepare preliminary income statements for residents, which will only be verified and sent. The accounting in the STI system can be started in any month of the year, simply in the program you must enter the amounts of income and expenses for the months in which the accounting was not performed in i.APS. The virtual counter i.APS can be used by connecting to the ITS information system i.MAS through e. bank or with ITS measures.
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