On taxation under a simple partnership agreement

A simple partnership (joint activity) is created to combine the efforts and property of commercial organizations and/or individual entrepreneurs (IP) to achieve a specific goal.

Such goals could be:

  • receiving income,
  • cost optimization,
  • tax optimization.

The procedure for redistributing income between partners (parties to the agreement) is established by the terms of this agreement.
One of the positive aspects of a joint activity agreement is the simplicity of its execution - the parties to the agreement do not create a new legal entity and, accordingly, there is no need to complete registration steps and go through many formalities.

In accordance with clause 1 of Article 1041 of the Civil Code of the Russian Federation, under a simple partnership agreement (agreement on joint activities), two or more persons (partners) undertake to pool their contributions and act together without forming a legal entity:

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