{"id":333671,"date":"2024-10-11T11:08:00","date_gmt":"2024-10-11T08:08:00","guid":{"rendered":"https:\/\/finance.inform.click\/?p=333671"},"modified":"2025-12-23T13:27:35","modified_gmt":"2025-12-23T10:27:35","slug":"freelancing-and-taxes-how-to-pay-correctly","status":"publish","type":"post","link":"https:\/\/finance.inform.click\/en\/freelancing-and-taxes-how-to-pay-correctly\/","title":{"rendered":"\ud83d\udcbc Freelancing and taxes: how to pay correctly"},"content":{"rendered":"

\n Anyone who has ever dreamed of working without an alarm clock and strict schedules has imagined the freedom that freelancing<\/a> offers. But with all its advantages, the question of how to pay taxes correctly can ruin all the enthusiasm. When working freelance, you choose your own place of work and schedule, but this also imposes on you the responsibility for reporting to the tax service. How not to get confused in paperwork and not lose income<\/a>? Taxes are not only an obligation, but also an opportunity to demonstrate professionalism in work. Paying taxes helps a freelancer<\/a> not only stay within the legal framework, but also build trusting relationships with clients, which is especially important for international contracts. Let's talk in more detail about how to approach this issue correctly.\"Working\n<\/p>\n

\n \ud83d\udca1 The importance of choosing<\/a> a form of payment
\n<\/h2>\n

\n How a freelancer<\/a> formalizes his\/her activity directly affects the procedure for paying taxes. One of the most important questions: is it worth registering as an entrepreneur? The decision depends on the regularity of income. If earnings are episodic, registering as an individual entrepreneur may be unnecessary. But when income<\/a> becomes stable, this form of activity opens up new opportunities<\/a> for simplified taxation.\n<\/p>\n

\n \ud83d\udcca Table: Advantages<\/a> of different forms of work
\n<\/h3>\n\n\n\n\n\n\n\n
\n Form of work\n <\/th>\n\n Description\n <\/th>\n\n Features<\/a> of taxation\n <\/th>\n\n Rating\n <\/th>\n<\/tr>\n<\/thead>\n
\n Individual entrepreneur (IE)\n <\/td>\n\n For a permanent income<\/a>\n <\/td>\n\n Simplified system, choice between 6% and 15%\n <\/td>\n\n \u2b50\u2b50\u2b50\u2b50\u2b50\n <\/td>\n<\/tr>\n
\n Civil contract<\/a>\n <\/td>\n\n For one-off jobs\n <\/td>\n\n Personal income taxes, no ongoing contributions\n <\/td>\n\n \u2b50\u2b50\u2b50\u2b50\n <\/td>\n<\/tr>\n
\n Self-employed\n <\/td>\n\n For small incomes\n <\/td>\n\n Taxes 4-6%, no mandatory contributions\n <\/td>\n\n \u2b50\u2b50\u2b50\u2b50\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n The choice of system determines what taxes you will have to pay. For example<\/a>, if you work through an individual entrepreneur, you can choose between a 6% tax on all income or 15% taking into account expenses. On the other hand, working under a civil law contract is also convenient, especially if your income does not exceed certain thresholds.\n<\/p>\n

\n \ud83d\udd0d What is the penalty for not paying taxes?
\n<\/h2>\n

\n There is an opinion that freelancing is a way to “go shadow” and work without reporting. However, this is a risky path. Working without registration can lead to trouble. If the regulatory authorities find that you are receiving income without paying taxes, you face a fine. The fine can be up to $2,000, but this amount varies depending on the situation and the country. In addition, do not forget about the possibility of<\/a> additional taxes for previous periods, which can be an even more unpleasant surprise.\n<\/p>\n

\n \ud83d\udee0 Risks of<\/a> “black” work:
\n<\/h3>\n