It is noteworthy that the issue of requalification
Posted: Sat Jan 04, 2025 4:42 am
In other words, the tax authority has the right, depending on the content of the operation, to consider the activity of a small entrepreneur as work for hire, despite the fact that it has concluded a small entrepreneur service agreement with its client . For such requalification, the tax authority relies on Article 73 of the Tax Code and is guided by the aforementioned published questionnaire.
of small business income as wages has led to numerous tax disputes between the tax authorities and construction companies. More information about small business taxation can be found here, in another article by the dubai fax data author. Resolution #415 of the Government of Georgia on Special Taxation Regimes Resolution No. 415 of the Government of Georgia provides two lists, which define the list of activities whose income is not taxed at a 1% tax rate: Types of activities prohibited for small entrepreneurs; Types of income that are not prohibited, however, are not taxed at 1% and are not included in the calculation of the 500,000 GEL threshold (i.
e., they are taxed at the regular (not 1%) rate in parallel with income taxable at 1%. The first list contains the so-called prohibited activities, in the case of which a small entrepreneur loses the right to tax not only such activities, but also income from any other activity at a rate of 1%. The list of such prohibited activities includes, for example, medical, architectural, consulting services (and not only).
of small business income as wages has led to numerous tax disputes between the tax authorities and construction companies. More information about small business taxation can be found here, in another article by the dubai fax data author. Resolution #415 of the Government of Georgia on Special Taxation Regimes Resolution No. 415 of the Government of Georgia provides two lists, which define the list of activities whose income is not taxed at a 1% tax rate: Types of activities prohibited for small entrepreneurs; Types of income that are not prohibited, however, are not taxed at 1% and are not included in the calculation of the 500,000 GEL threshold (i.
e., they are taxed at the regular (not 1%) rate in parallel with income taxable at 1%. The first list contains the so-called prohibited activities, in the case of which a small entrepreneur loses the right to tax not only such activities, but also income from any other activity at a rate of 1%. The list of such prohibited activities includes, for example, medical, architectural, consulting services (and not only).