High School

Individual Entrepreneur Mr. Miras (resident of the RK) is applying special tax regime based on a simplified declaration. The income for the ist half of 2023 - KZT 55000000 (refer to Attachment A). The direct operational expenses for the 1st half of 2023 - KZT 32 000000. There are 3 employees, all residents of the Kazakhstan, in the entity: 1. His father, Mr. Aidar - has job position of Director with monthly salary of KZT 500000. From January 01, 2023 till June 30,2023 - he had no day-offs and vacations. 2. Mr. Dima is customer development manager. His monthly salary is KZT 400000. In March 31, 2023, he received compensation for unused paid vacation days: KZT 200000. From January 01, 2023 till June 30,2023 - he had no day-offs and vacations. Mr. Dima has submitted to Mr. Miras supporting documents for the application of a tax deduction, i.e. medical expenses (heart related treatment) in the amount of 320000 . The date of payment was December 28,2022 , and the date of services receipt - January 13 , 2023. 3. Ms. Karina is procurement and logistics specialist. Her monthly salary is KZT 250000. In February 15, 2023Mr. Miras has written off her debt in the amount of KZT 200000 due to high KPIs she achieved as a result of performance evaluation for 2022 . In March 2023 she had unpaid leave and actually worked 10 days out of 19 working days. In other months - she had no day-offs and vacations. Ms. Karina has mortgage housing loan received from housing construction savings bank "Otbasy" in February 18, 2023 and her monthly remuneration expense is equal to KZT 80000 that she started to pay from March 20,2023 . She submitted an application for tax deductions with copies of supporting documents to Mr. Miras. 4. In February 25, 2023, Mr. Miras concluded civil law agreement for accounting \& consulting services with Ms. Olga. The fee for services in the amount of KZT 350000 was paid in March 20, 2023, and the services were provided and accepted by Mr. Miras in April 14,2023. 1. Calculate the PIT, Social Tax, and Social Contribution for relevant tax period to be paid by Mr. Miras for: - himself as individual entrepreneur (3%) - employees under employment agreement (5%) - individual under civil law agreement (2%) Assumption: - There is no effective Law on reduction of taxes by 100%. - Use the template of tax register (refer to excel file) for calculating PIT on employees' income and other payments.

Answer :

Final answer:

To calculate the tax like PIT, Social Tax, and Social Contribution for Mr. Miras and his employees, we consider their salaries and deductions.

Explanation:

To calculate the tax like PIT, Social Tax, and Social Contribution for Mr. Miras as an individual entrepreneur and his employees, we need to consider their salaries, deductions, and contributions.

For Mr. Miras himself, we calculate 3% PIT on his income, which is KZT 55000000 - KZT 3200000 (direct expenses) = KZT 51800000. So, the PIT for Mr. Miras is 3% of KZT 51800000 = KZT 1554000.

For the employees, we calculate 5% Social Tax and 5% Social Contribution on their salaries. For Mr. Aidar, the Director, his total salary for the 1st half of 2023 is KZT 500000 x 6 = KZT 3000000. So, the Social Tax for Mr. Aidar is 5% of KZT 3000000 = KZT 150000, and the Social Contribution is also KZT 150000.

Similarly, for Mr. Dima and Ms. Karina, we calculate the Social Tax and Social Contribution based on their salaries and deductions. Finally, for Ms. Olga, who has a civil law agreement, we calculate 2% PIT on her fee for services, which is KZT 350000. So, the PIT for Ms. Olga is 2% of KZT 350000 = KZT 7000.

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