Tax return in Raiffeisenbank’s online accounting

Raiffeisenbank’s free online accounting for small businesses now has the ability to generate tax returns. Clients no longer need to spend time and effort on own filling out a document, the tax return will be calculated and generated automatically directly in the Raiffeisen Business Online Internet bank.

The new feature is already available to individual entrepreneurs without employees with the Simplified Tax System using Income as a taxation base, who have to submit a tax return by April 30.

To generate a tax return, you need to go to the «Taxes-Declaration» tab in the «Accounting» section of the Internet Bank for Small Businesses; verify the income amounts for each quarter and indicate the insurance contributions paid. The tax return will be calculated and generated automatically and available for download.
In the near future, clients will be able to issue a QES (Qualified Electronic Signature), sign and submit a tax return online, without visiting the tax office.

«Automatic calculation and generation of the tax return is one of the most desired by our clients opportunities of online accounting. There is no more need to carefully read regulations and understand complex formulas, be afraid of making mistakes in calculations — we hope that the new opportunity will save entrepreneurs time on more important tasks in their business," Denis Skokov, the Head of Small Business Department said.

Entrepreneurs with the Simplified Tax System using Income as a taxation base can also enjoy the following features: a tax calendar that reminds them of upcoming tax events; the ability to edit the accounting of income transactions when calculating tax; a tax calculator that automatically calculates an advance payment with the ability to send it to the tax office; payment of insurance contributions.