Types of taxation of the Russian Federation

The functioning of each enterprise or institution in the modern economy presupposes the need to collect and summarize information on economic activities with a view to its deep analysis and adoption on the basis of its managerial decisions on the ways of further development of business activities. Such systematic work provides an opportunity to adequately assess the degree of effectiveness of the business entity. The end result of this analytical work, in addition to defining the strategy for future development, is also the ability to accurately assess the ability of the enterprise to pay taxes in a timely and full manner, distribute profits professionally, and comply with all tax and payment legislation requirements. On the part of the state and society, the functioning of the taxation system in the broadest sense presupposes, first of all, the understanding that the more progressive and correct the principles and types of taxation are formulated, the more effectively this whole system will work.

The basic principles of the functioning of the taxation system currently in effect in the Russian Federation were laid at the end of the last century, and thus have more than 20 years of experience of their development and improvement.

Everyday keeping of accounting at any enterprise is naturally connected with deductions to budgets of different levels. Differences here can be observed only in what system is used by this particular enterprise, and what types of taxation it implements. This is determined by the business sector in which the enterprise operates and which system is mandatory for this type of enterprise.

For today in the Russian Federation it is possible to allocate following kinds of the taxation:

1. The generally accepted system represents the types of taxation of legal entities. It is so named precisely because it has become widespread. It should be borne in mind that its feature is the need for a significant amount of calculations. In the traditional system, the calculation of each amount involves a fairly extensive and routine preparatory work, because each type of tax requires preparation and the availability of a separate statistical base. The use of such a system is characterized by the need to comply with a strict calculation algorithm, which provides that you can pass to the calculation of an indicator only after calculating the previous one.
2. The simplified system is developed with reference to conditions of conducting of small and average business, therefore it is popular among businessmen. The name itself says that many accounting procedures here have a simplified look. Such simplification is achieved due to the replacement of a number of taxes by one, which makes accounting much easier and assumes a smaller volume of accounting documents. Ultimately, the accounting itself becomes less expensive and positively affects the cost of production. Its application is determined by the amount of income received by the enterprise and the number of employees on it. The RF law defines these indicators: income is not more than 60 million rubles and the number of employees is not more than one hundred people.
3. The system of taxation based on UTII implies the replacement of this tax at once several other traditional. As a rule, according to this scheme, small businesses and individual entrepreneurs work, and the UTII complements other types of local taxes and fees. The rate of the tax in question is set by the state centrally, but local authorities have the right to change and supplement it. This condition is very important, as UTII acts as an article of local budgets.

It should also be taken into account that although the law provides for various types of taxation, it does not prohibit enterprises from using mixed systems, the peculiarity of which is the practice of applying to each individual action a separate analysis and calculation technique.