Status Company Name Name Of The Payer

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ProdipUrowen
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Joined: Thu Jan 19, 2023 11:12 am

Status Company Name Name Of The Payer

Post by ProdipUrowen »

If the income for the year exceeds the specified limit, the NAP is terminated. You will have to pay tax at the base rate of A lot of people obviously dont like it. A petition even appeared on the website of public initiatives proposing not to stop the work of the NAP, but simply to raise the tax rate. But judging by the fact that out of the required votes there are still only the initiative is unlikely to be considered. Prohibition on hiring workers. Employees cannot be hired at the NAP. This severely limits the self employed. Lets imagine a situation a person collects websites to order, decides to work officially and draws up a NAP. At some point, there are more orders than a person can fulfill.

It would be possible to hire an assistant, but then the site developer will lose the right to the NAP. You can work with an assistant on the terms of a contract, but then there is a Philippines Phone Number List risk that the tax authorities will recognize such relations as labor relations there will be problems It is not possible to accept card payments. To accept card payments, you need acquiring and a bank account. It will not work to connect the cash register without IP. No way. The self employed will only be able to accept payments in cash or online banking. Restrictions on types of activity. There are activities that can only be obtained by entrepreneurs. For example, taxi activities, installation of fire alarms or medical activities.

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Such activities require licensing, and only an individual entrepreneur or legal entity can obtain a license. Therefore, in order to work with such types of activities, you first need to issue an IP, and only then switch to the NAP in the application. Possible non cooperation. Some companies work with partners only by bank transfer. For example, only LLCs and individual entrepreneurs rent office space, and they accept payment only to a current account. If a self employed person wants to rent a room in such a business center, he will most likely be refused.
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