What is uniform tax on imputed income in SAP PY-RU - Russia?

SAP Term: uniform tax on imputed income

• Component: PY-RU

• Component Name: Russia

• Description: The tax in on the imputed income of small and midsize enterprises.

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• Key Concepts: 
  Uniform Tax on Imputed Income (UTII) is a tax levied in Russia on the imputed income of individuals. It is a flat rate tax that is applied to the total amount of income earned by an individual, regardless of the source. This includes income from wages, pensions, investments, and other sources. 
  
  How to use it: 
  In Russia, UTII is calculated and paid by employers on behalf of their employees. Employers are responsible for calculating the amount of UTII due and submitting it to the relevant tax authorities. The amount of UTII due is based on the total amount of income earned by an individual in a given year. 
  
  Tips & Tricks: 
  Employers should ensure that they are up-to-date with the latest regulations regarding UTII in order to ensure compliance with Russian tax laws. Additionally, employers should keep accurate records of all UTII payments made in order to ensure that they are able to provide evidence of payment if required. 
  
  Related Information: 
  The Russian Tax Code contains detailed information regarding UTII and other taxes applicable in Russia. Additionally, employers can consult with a qualified tax advisor for further information regarding UTII and other taxes applicable in Russia.