New tax incentives and support measures: how else the government will help the economy
Currently, the Russian government is developing planned tax support measures for companies:
- Reduction of fixed insurance premiums for individual entrepreneurs to the level of the previous year
- STS revenue bet 3%
- STS income – expenses reduce the rate to 6%
- Equalize the rates of insurance premiums for all non-state private companies and enterprises, regardless of their industry affiliation, regardless of whether SMEs or not: 7% on the full salary of an employee, including the minimum wage, for all industries. For a period of at least 5 years.
- In production, set the amount of insurance premiums of 7% and personal income tax- 0%.
- Reduce VAT to 10% for all service and hospitality enterprises for a period of at least 5 years.
- A moratorium on holding legal entities liable for legal relations with self-employed and individual entrepreneurs for a period of one year.
- Increasing the limit for SMEs to 3 billion rubs (23 726 700 euro). Without reference to the number of employees
- Increasing the revenue limit under the simplified tax system to 3 billion rubs (23 726 700 euro).
- Cancellation of VAT for agricultural producers, consumer goods and food production, as well as for priority sectors for import substitution.
- Cancellation of income tax advance
- Cancellation of VAT advance payment, payment once a year after the fact
- Tax holidays for 3 years when opening a new production for those who produce consumer goods, including food production. But not for factories opened in 2021.
- Cancel restrictions, duties, VAT import and export of electronic components by amount and weight. In particular, the rules for the constant passage of export control for the same products.
- Reduce the property tax by 50% for 2 years and make the rate equal to 0% for manufacturing enterprises.
- Reducing the amount of VAT payable to the budget by the amount of direct investment in development for the manufacturing sector.
