Business · Economy · 8 hrs ago
Delovaya Rossiya proposes changes to small-business taxes and passive income
Delovaya Rossiya has proposed a broad overhaul of Russia’s economy in a draft plan reported by RBC.
The plan contains 52 proposals covering businesses, citizens’ income and imports.
It would end a simplified tax option with a 6% rate and eliminate the patent tax system used by many microbusinesses.
It would also lower the VAT threshold under auto-USN from 60 million to 20 million rubles.
The proposals include social security contributions for people whose income mainly comes from interest or dividends, and an inheritance and gift tax on amounts above 50 million rubles.
The measures could tighten conditions for small and medium-sized businesses, and the plan also calls for restricting imports of some strategic innovative products.
Delovaya Rossiya has drafted 52 proposals to overhaul the Russian economy, according to RBC.
The proposals include changes to small-business tax regimes and new taxes on some forms of passive income.
The association proposes scrapping the 6% “Income” version of the simplified tax system.
It also proposes social security contributions for people whose income mainly comes from interest or dividends.
The Bell described the proposals as a blow to small businesses and said they look very bad for medium-sized businesses too.
- Who
- Delovaya Rossiya, a Russian business association, drafted the proposals.
- What
- It proposed 52 measures, including changes to small-business tax regimes and taxes on some passive income.
- When
- Not stated
- Where
- Russia.
- Why
- The proposals are described as an effort to overhaul the Russian economy; a more specific reason is not stated.
Delovaya Rossiya
The Bell
Impact on businesses
Delovaya Rossiya
Delovaya Rossiya proposes scrapping the 6% “Income” version of the simplified tax system, lowering the VAT threshold under auto-USN, and eliminating the patent-based tax system.
The Bell
The Bell called the proposals “a blow to small business” and said they “look very bad” for medium-sized businesses too.
This story does not have a timeline yet.
- Proposal document
- 52 proposals
- Income” simplified tax system rate
- 6%
- Auto-USN VAT threshold proposal
- Lower it from 60 million to 20 million rubles
- Inheritance and gift tax proposal
- Apply to amounts exceeding 50 million rubles
2 sources
What people are saying
primarily an increase in the tax base for entrepreneurs who earn income through their own skilled labor
a blow to small business
looks very bad