+371 6701 9393
The Commercial Activity Income account service allows to significantly reduce the administrative burden to the small entrepreneurs - self-employed persons.
Filling of the micro-enterprise tax declaration, as well as the calculation and transfer of the amounts to be paid to the state budget, are carried out automatically by Industra Bank in cooperation with the State revenue service instead of the entrepreneur.
Prerequisites for use of a Commercial Activity Income account:
The process takes approximately 5 business days.
The micro-enterprise tax rate is:
The bank first reserves 40% (the maximum rate) of each incoming payment to the Commercial Activity Income account. The SRS makes sure that the turnover has not exceeded 25,000 euros per year. If the turnover threshold is not exceeded, the additional reserved amount is released and available to the account owner within two working days at the latest, while 25% is paid to the state budget. If the turnover threshold is exceeded, 40% is paid to the state budget from the part of the turnover that is over 25,000 euros per year.
You can find full information about the automatically paid tax in the Electronic Declaration System (EDS) section "Reports" → "Reports on tax calculations and advance payments" → "Report on micro-enterprise tax declaration data".
|Type of service||Price|
|Consideration of documents and opening of a account||EUR 15,00|
|Maintenance of an account (monthly fee)||EUR 5,00|
|Transfers to the single tax account (automatic payment of tax, simplified tax payment solution)
free of charge
|free of charge|
To learn more about the Commercial Activity Income account:
+371 6701 9393Send e-mail