The State Duma adopted in the third reading a law that extends the single tax payment (STP) mechanism to legal entities and individual entrepreneurs. It will allow one order to pay arrears, taxes, make advance payments and pay off debts. The measure can be launched in pilot mode from July 1, 2022 to December 31, 2022.
The Federal Tax Service (FTS), among the advantages of a single tax account for business, highlights the convenience of paying taxes, eliminating errors when filling out settlement documents, as well as accounting for debts and overpayments.
The STP mechanism for citizens was introduced in 2019, and since 2020, the ability to pay personal income tax (PIT) through it has been added. A person pays the amount of payment in one payment, and the tax service itself distributes it as needed. In April, the Russian government approved the amendments of the Ministry of Finance, extending the EPP mechanism to legal entities and individual entrepreneurs.
For more information about the initiative, see Kommersant’s article Money Forward.
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