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Responsibilities of individuals who earn income over the Internet
Responsibilities of individuals who earn income over the Internet
I want to operate and earn income on the Internet. Do I have to pay social security fees when I get a TIN (taxpayer identification number)? Am I required to pay social insurance if my income is low?
The State Tax Service under the Ministry of Economy said that the activity mentioned in the survey is considered an entrepreneurial activity. According to Article 33.4 of the Tax Code, a natural person who carries out entrepreneurial activity without creating a legal entity must be registered for tax (obtain a TIN) by submitting an application for tax registration to the tax authority before the day of starting entrepreneurial activity and pay tax from the income to the state budget.
Also, 50 percent of the minimum monthly wage for entrepreneurial activity in the construction field, 25 percent in other fields, 100 percent in Baku city, 90 percent in Sumgait and Ganja cities, 80 percent in other cities, 60 percent in administrative territorial units and settlements that are the administrative center of district administrative territorial units, In rural areas, 50 percent of the compulsory social insurance fee must be calculated and paid every month.
In addition, according to the provisions of the Law of the Republic of Azerbaijan "On Medical Insurance", individual entrepreneurs must pay a mandatory medical insurance fee in the amount of 4 percent of the minimum monthly salary.
It was reported that insurance premiums are calculated at the rates stipulated by the law, regardless of the amount of income.
To get more detailed information about the accounting procedures in tax authorities, the actions you should take depending on the characteristics of your activity, you can familiarize yourself with the information posted in the "Tax guide" section, and if you have additional questions, you can contact the Call Center (195-1) or taxpayer service centers.
I want to operate and earn income on the Internet. Do I have to pay social security fees when I get a TIN (taxpayer identification number)? Am I required to pay social insurance if my income is low?
The State Tax Service under the Ministry of Economy said that the activity mentioned in the survey is considered an entrepreneurial activity. According to Article 33.4 of the Tax Code, a natural person who carries out entrepreneurial activity without creating a legal entity must be registered for tax (obtain a TIN) by submitting an application for tax registration to the tax authority before the day of starting entrepreneurial activity and pay tax from the income to the state budget.
Also, 50 percent of the minimum monthly wage for entrepreneurial activity in the construction field, 25 percent in other fields, 100 percent in Baku city, 90 percent in Sumgait and Ganja cities, 80 percent in other cities, 60 percent in administrative territorial units and settlements that are the administrative center of district administrative territorial units, In rural areas, 50 percent of the compulsory social insurance fee must be calculated and paid every month.
In addition, according to the provisions of the Law of the Republic of Azerbaijan "On Medical Insurance", individual entrepreneurs must pay a mandatory medical insurance fee in the amount of 4 percent of the minimum monthly salary.
It was reported that insurance premiums are calculated at the rates stipulated by the law, regardless of the amount of income.
To get more detailed information about the accounting procedures in tax authorities, the actions you should take depending on the characteristics of your activity, you can familiarize yourself with the information posted in the "Tax guide" section, and if you have additional questions, you can contact the Call Center (195-1) or taxpayer service centers.