The President of the Russian Federation instructed the Government to consider reducing the amount of insurance premium rates from 30% to 15% for small and medium-sized businesses.
According to the information on the official website of the Kremlin, a reduced rate will be applied to the monthly income of individuals not exceeding the federal minimum living wage. This means that at the rate of 15%, payments will be taxed as less than or equal to the minimum living wage, as well as amounts of payments exceeding it.
Currently, payments exceeding the minimum living wage are taxed at the rate of 15%, and payments less than or equal to its amount are taxed at the rate of 30%.
The criteria for classifying companies as SMEs will also be considered, including in terms of increasing the marginal amount of income received in the course of business activities. It is assumed that with the change of this criterion, more companies will be able to take advantage of the benefit.
The new settlement procedure will be applied to small and medium-sized enterprises (SMEs) included in the unified Register of SMEs.
The deadline for the execution of the order by the Government of the Russian Federation is until July 15, 2022.
Please be reminded that SMEs include small, medium-sized and micro enterprises. A Russian organization can be classified as one of them if, as of January 1, 2022, it meets the following criteria:
|Average staff number||Income from business activities for the previous calendar year||Structure of the issued capital|
|Micro-enterprise||Not more than 15 people||Not more than 120,000,000 rubles||The share of foreign organizations or organizations that are not SMEs is not more than 49%; The share of the state, territorial entities of the Russian Federation and (or) nonprofit organizations is not more than 25% in total;|
|Small enterprise||Not more than 100 people||Not more than 800,000,000 rubles|
|Medium-sized enterprise||Not more than 250 people||Not more than 2,000,000,000 rubles|
The parent foreign company should also comply with the above requirements in terms of revenue and the average staff number. At the same time, if the share of foreign capital does not exceed 49%, then there is no need to make any requirements to a foreign legal entity.
Acsour carefully monitors these legislative changes and will inform you about the latest news on this topic.