What is the tax rate
What is the tax rate
Tax rate Is one of the main criteria for calculating the tax and represents the amount of tax charges per unit of the taxable base.
Instructions
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Tax rate - one of the essential elements of calculating taxesalong with the object of taxation, the tax base, the tax period, the procedure for calculating the amount of tax, etc. Only when the entire set of essential elements is determined, the tax is deemed to be established.
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According to the method of charging, tax rates are of three types: solid, proportional and progressive. Solid tax rate Has a certain absolute value regardless of the size of the payer's income. This rate is also called a real tax.
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Proportional tax rate Expressed in a certain percentage of the taxable base, regardless of its volume. For example, in the Russian Federation the tax rate tax on personal income is 13 percent.
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Progressive taxation rate Increases as income increasesthe taxpayer. There are two types of progressive rates: simple and complex. With a simple progression, the rate increases with the increase in the tax base for the entire amount of income. With a complex progression, the taxable base is divided into parts, each of which is taxed at its own rate. Wherein rate increases not for all income, but only for its part, which has increased relative to the previous tax period.
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Tax rate, Expressed as a percentage of the payer's income, is called the tax quota.
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The object of taxation is property,profit, sale of goods or services and other circumstances that have a value characteristic, with the presence of which the taxpayer has a duty to pay tax. Each object has its own tax rate.
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A taxpayer can be an individual(individual entrepreneur) and legal (organization, firm). Standard tax periods are a calendar month, quarter or year. The annual period can be divided into several time intervals, after which advance payments are paid (for example, once a quarter).
