Reduction of insurance premiums for SMEs in 2021

From April 1, companies and sole proprietors included in the register of small and medium-sized enterprises are able to apply reduced rates on insurance premiums. These amendments to the Tax Code were introduced by the Federal Law No. 102-FZ of 01.04.2020.

(http://www.consultant.ru/document/cons_doc_LAW_349084/)

What rates will be applied to companies and sole proprietors (listed in the register of SMEs):

  • for compulsory pension insurance – 22% (if the payment is less than the minimum wage), – within the limit or above – 10% instead of 22%;
  • for compulsory health insurance – 5% instead of 5.1%;
  • contributions to the Social Insurance Fund (for disability and maternity) are not paid.

Who can charge reduced rates on insurance premiums:

  • Only those companies that are included in the Register of SMEs can charge insurance premiums at reduced rates;
  • Accrual is made in relation to income received from April 2020. These tariffs can also be applied in 2021.

The payer of insurance premiums is entitled to apply reduced rates from the 1st day of the month.

Meanwhile, the payer of insurance premiums loses the right to apply reduced tariffs from the 1st day of the month in which he was excluded from the register of SMEs.

How to determine whether your organization belongs to SME:

  1. It is possible to use the service on the tax authority website https://rmsp.nalog.ru/?t=1617110407911;
  2. To determine on the basis of the table below:
 Criteria  
SME entityAverage number of employeesIncome from business activities for the previous calendar yearStructure of the authorized capital
MicroenterpriseNo more than 15 peopleNo more than 120 million rublesThe share of foreign companies or organizations that are not SMEs – no more than 49%; The share of the state, the subjects of the Russian Federation and (or) NPOs – no more than 25% in total;
Small enterpriseNo more than 100 peopleNo more than 800 million rubles
Medium sized enterpriseNo more than 250 peopleNo more than 2 billion rubles
  • For sole proprietors, the same criteria apply for dividing them into business categories: by annual revenue and the number of employees. If a sole proprietor has no employees, then its SME category is determined only by the amount of revenue. Meanwhile, all the entrepreneurs working only on the patent system of taxation are classified as microenterprises.
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