Individual entrepreneurs and enterprises on the simplified and patent systems will not be able to reduce tax payments on insurance premiums without paying them.
As we wrote earlier, for individual entrepreneurs and companies whose products and services are oriented to domestic demand, a deferment is introduced for the payment of insurance premiums for the second quarter of 2022 (and for the industry – for the third). A business operating in one of 78 sectors of the economy (for example, tourism, food industry, medicine), and representatives of 39 industries (including IT, agriculture, etc.) can defer the payment of contributions for a year. In total, 2.8 million entrepreneurs with 52 million employees can get a deferment, and social funds will receive 1.7 trillion rubles in compensation for this.
The authorities explained that this was a kind of interest-free loan from the state, but in fact this does not always make sense.
As RBC writes with reference to business representatives, individual entrepreneurs and enterprises on a simplified (STS) and individual entrepreneur on a patent (PSN) taxation system can reduce the amount of tax by the amount of paid insurance premiums, but not more than half.
However, this refers only to the contributions actually paid. If the entrepreneur uses the right to deferral, there will be no actual payment of contributions, and the right to reduce the amount of tax on these contributions, too. Of course, when postponing the payment of contributions to 2023, it will be possible to deduct them from the tax for 2023, but the law allows the tax to be reduced by contributions by no more than 50%. And if the amount of contributions for 2023 and for the second quarter of 2022 is higher, the taxpayer will simply lose part of the benefit.
In addition, the very meaning of the delay is lost – after all, it is presented as an opportunity to replenish working capital in debt with the funds that were supposed to go to the state. But technically, the company will be forced to pay this money in the current year – albeit not in the form of insurance premiums, but in the form of a tax without deduction.
The deferment will be available to all eligible businesses automatically – that is, they may pay contributions in the same order, or may not pay. But in the case of small businesses on the simplified tax system and PSN it makes sense not to pay only if revenues in 2023 are expected to be significantly higher than in 2022 – then the contributions transferred from the current year in amounts with contributions for 2023 will be less than 50% of income.
For those who have a significant share of the cost of insurance premiums (that is, the main item of business expenses is salaries), then it is worth using the deferment very carefully. Situations are not ruled out when the use of the deferment will lead to an increase in the overall fiscal burden on business.