What payments are not included in the FOP income limit?

The following amounts are not included in the income of an individual entrepreneur under the simplified taxation system:

• VAT;

• financial assistance received and returned within 12 calendar months, as well as funds received as loans;

• earmarked funds received from the Pension Fund and other mandatory state social insurance funds, as well as from budgets and state earmarked funds, including within state or local programs;

• funds (advance payment, advance payment) returned to the buyer of the goods (works, services) - the payer of the EP and/or returned by the entrepreneur - the payer of the EP to the buyer of the goods (works, services), if such an operation occurs as a result of the return of the goods, termination of the contract or on the basis of a letter - applications for refunds;

• funds received to pay for goods (works, services) sold during the period of payment of other taxes, if the cost of these goods (works, services) was included in the total taxable income of the FOP;

• value added tax charged on goods (works, services) sold (performed, provided) during the payment period of other taxes;

• funds that were overpaid as taxes and EUV sums and are returned to the entrepreneur - the EU payer from budgets or state special funds;

• funds that, at the time of depositing them in the current bank account, were reflected in the entrepreneur's income accounting book, and in the payment order, as the purpose of payment, it is indicated that these are proceeds for a certain period.