ACCOUNTING ASPECTS OF SETTLEMENTS WITH PROFESSIONAL INCOME TAX PAYERS

Abstract

Modern conditions of economic development, the tax and social security system, and the current state of the labor market have predetermined the need to find alternative employment options for the population. In the current conditions, the opportunity to legally work and earn income from one’s professional activities, without entering into a long-term employment relationship with an employer, has become in demand both among potential employers and among professionals who want to receive decent money for their work. While the term “self-employed” used to refer to a person working informally, self-employment has now become legal. Anyone can officially register as a professional income tax payer. Both the registration system and the tax payment procedure are quite simple. At the same time, organizations using the services of persons who are payers of professional income tax and officially recognized as self-employed have a need to conduct settlements with this category of counterparties. In this article, we consider the accounting aspects of conducting settlements with payers of professional income tax.