A number of changes to the micro-enterprise tax (mun) regime will take effect from next year. These are not many, but they can have a significant impact on the india phone number list possibility of benefiting from this special tax regime. Make sure it doesn't affect your business either! Reduction of the turnover threshold the most significant change is a significant reduction of the annual maximum turnover threshold from 100 to 40 thousand india phone number list euros from 1 january 2018. The micro-enterprise tax law stipulates that if the annual turnover limit is exceeded, the status of a micro-enterprise is lost in the following calendar year and an increased rate of 20% is applied to the part of the excess turnover.
As the changes in the turnover limit are significant, the transitional provisions of the law include a norm that allows not to apply the increased rate to india phone number list turnover up to 52 thousand euros in cases where the company's turnover in 2017 or 2016 was more than 40 thousand euros. However, in any case, exceeding the set annual turnover threshold of 40 thousand, the status of a micro-enterprise is lost in the following year. Restriction of employment of employees the amendments to the law also stipulate that india phone number list an employee may be employed in only one company at a time, which is the payer of the mun. This norm will come into force in 2019 - which means that during 2018, employees will have to choose which company to work in so that it does not lose the status of a micro-enterprise.
The state revenue service (srs) plans to inform all micro-enterprise taxpayers who employ natural persons who are also india phone number list employed by another mun payer by 31 december 2017 by 1 february 2018.In turn, when hiring a new employee in a micro-enterprise from 2018, this employee will have to submit a statement prepared by the srs that he is not employed in another micro-enterprise. Reduced rate canceled from 2018, the india phone number list reduced mun rate for the part of turnover up to 7,000 euros will no longer be applied, thus the amount of tax paid will slightly increase. It is important to take this change into account when planning next year's cash flow.