Accepted at the twenty first plenary session of Inter-parliamentary Assembly of the CIS
(The resolution of June 16, 2003 No. 21-8)

THE MODEL TAX CODE FOR THE STATE PARTIES OF THE CIS

Special part

Chapter 3. Simplified taxation system for small business entities

Article 1. General provisions. Payers

1. Taxpayers on simplified taxation system are small business entities. Small business entities are understood as the organizations and individual entrepreneurs. Features of reference of the organization and the individual entrepreneur to small business entities are determined by the national legal system.

2. The simplified taxation system is applied to small business entities along with general system of the taxation, the stipulated by the legislation country.

The choice of system of the taxation is performed by small business entity independently (voluntarily).

Article 2. Conditions of application of simplified taxation system

1. Small business entities have the right to application of simplified taxation system since the beginning of calendar year if within the first nine months of the year preceding year from which they apply for use of the specified system of the taxation their revenue and average monthly number of workers did not exceed the size established by the legislation of the country.

The newly created (registered) small business entities can apply simplified taxation system from the moment of the creation (state registration) in case of representation by them in tax authority in the place of registration of the statement for application of simplified taxation system along with the statement for registration as the taxpayer.

2. The following small business entities have no right to apply simplified taxation system:

- payers of excises;

- the banks and the non-bank credit and financial organizations, other organizations rendering financial services;

- insurance companies (including societies of mutual insurance, insurance brokers, merging of the insurers);

- investment funds;

- agreement parties of joint activities;

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