Current expenses (even related to business revenue), depreciation, losses on investments 350-001 are not deductible, unless the individual taxpayer register himself as a private entrepreneur and maintains separate bookkeeping on his private and business operations.
Resident corporate taxpayers are generally taxed at 24% on their pre-tax profits. A small business 350-030(including registered individual entrepreneurs) may elect to be taxed under simplified system and, instead of regular profit and value added tax, pay a flat 6% on gross receipts or 18% on gross margin.
Non-residents (individual and corporate) are taxed at a flat rate of 30%, except dividends 640-802 received - 15%. Bilateral tax treaties may reduce this rate to zero.
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