Taxes on trade as an individual

Taxes on trade as an individual

 

Question:
Hello!

I am an employee of a company and I have a permanent employment contract and I am socially insured.

At the same time, apart from my main job, I sell new accessories across platforms. Can I pay 15% income tax without anything else binding such as social security, starting a company, etc. Are I subject to any penalties?

Can it be legally sustainable to pay only 15% profit tax without starting a company, without paying insurance, without cash registers, etc.

Thanks in advance!

 

Answer:

Hello,

In principle, the law allows you to perform the activity described by you, as an individual. You have correctly orientated yourself for the "bookmark", but there is obviously a lot of different information on the Internet about the other things. As a natural person engaged in commercial activity, namely trade in goods without being a registered trader, you will owe 15% tax on realized profit (realized sales revenue less the value at which you bought the goods you sold). You are not entitled to any other costs, including statutory costs. You only have the right to deduct the insurance contributions made. You will owe social security contributions for the months during which you carry out your activity, as the amount of social security contributions is calculated on the basis of the realized profit. In reality, even though you are not a registered trader, the law treats you as such and you have more or less the same obligations as a sole trader or a company. Only you do not need to have a cash register.

In general, while your profit is small, it can be said that it is more profitable to continue doing this activity as an individual, but in the future, when your realized profit increases in any case, it will be more profitable for you to register. company and work through it.

We hope we have been useful to you!

Greetings!