Newly created small and medium-sized businesses will be able to receive a discount on state duties

A bill has been submitted to the State Duma that provides benefits for newly created legal entities and individual entrepreneurs who are small and medium-sized businesses (SMEs) to pay fees for legally significant actions. Document published in the system of ensuring legislative activity.

The authors of the bill were Senators Elena Shumilova and Alexander Akimov, as well as Denis Kravchenko, First Deputy Chairman of the State Duma Committee on Economic Policy. If adopted, the document will establish a coefficient of 0.5% for the payment of duties indicated in chapter 25.3 of the Tax Code, the exemption will be provided from January 1, 2023 and will be valid for two years from the date of registration of the company.

“Draft federal law <…> prepared in order to support newly created small and medium-sized businesses in the face of sanctions pressure and encourage business activities, as well as in pursuance of the instructions of the President of the Russian Federation to ensure the implementation of strategic tasks, national goals, the corresponding state programs of the Russian Federation, national and federal projects ( programs) in full,” the document says.

The explanatory note says that, according to the Accounts Chamber, the receipt of state duties for 2021 amounted to almost 99.1 billion rubles, or 0.53% of the share of Russian federal budget revenues. The shortfall in federal budget revenues due to the implementation of the law was estimated by the authors at 2 billion rubles. in year.