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|Napisao Ljubiša Lazarević|
|sreda, 20 april 2011 10:10|
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This article was originally written in 2008, and it is still valid.
Lump sum taxation is a term prescribed by the Individual Income Tax Law, in the part regulating the sole trader's (the entrepreneur's) income tax.
The entrepreneur who, given the circumstances, is not able to keep business books (apart from the sales book) or for whom bookkeeping interferes with carying out the activity, is entitled to file a request to pay sole trader`s income tax on a lump sum income (hereinafter: lump sum taxation).
The right to lump sum taxation cannot be acknowledged to the entrepreneur:
Furthermore, it is stated that the entrepreneur who performs his/her trading or catering activity in a kiosk, trailer or any other similar prefabricated or mobile unit, can be allowed, at his/her request, to pay the tax on a lump sum income, although his/her activities belong to the above-stated group.
Lump sum taxable income is actually a base on which contributions at the rate of 35.8% and tax at the rate of 10% are paid (45.8% in total). This base is determined by the tax inspector according to the Decree on detailed conditions, criteria and elements for lump sum taxation of sole trader`s income taxpayers.
Therefore, the founder of a trade files a lump sum taxation form to the tax inspector. The form contains the following:
Based on the data in this form and the above-mentioned Decree, the tax inspector determines a monthly lump sum income on which tax and contributions are paid.
Lump sum income is determined according to the following criteria and elements:
When determining lump sum income, the competent tax authority considers all liabilities, facts and data by which it came during control and otherwise.