The State Duma proposes to raise revenue limitations for SMEs operating under the “simplified tax system”
The State Duma of the Russian Federation proposed to raise revenue limitations for SMEs operating under the “simplified tax system”. The proposal was initiated by deputies from “Fair Russia” faction Mikhail Serdyuk, Andrey Rudenko, Mikhail Emelyanov and Gennadiy Nosovko. They have prepared a draft law that would raise revenue limitations for enterprises that have the right to work under the “simplified tax system” from 60 million to 120 million rubles.
According to Mikhail Serdyuk, it will promote the development of small and medium business in the complex realities of the domestic economy.
It is proposed to amend article 346.13 section 2 of the Tax Code of the Russian Federation “Procedure and conditions for the start and the termination of application of the simplified system of taxation”. Mikhail Serdyuk stressed that they did not propose to reduce taxes.
“We need to figure out how to keep the same level of fees to the budget, but at the same time simplify the conditions for doing business. Therefore, after 5 and even 10 years we will need to change the law,” – said the deputy. According to him, it is a normal practice, according to which the reduction of pressure on business leads to increase in tax collection. Mikhail Serdyuk noticed that it will allow Russian economy to get off the “oil and gas needle” and will provide additional opportunities for Russian entrepreneurs.
It is worth recalling that the idea of increasing the amount of revenue for businesses that operate under the “simplified tax system” up to 120 million rubles was discussed in April 2015 at a meeting of the State Council on the development of small and medium business. The explanatory note to the draft law notes that the law actually meets the signals from the market, e.g. these limitations comply with the state policy aimed at support of small business in Russia.
The economist Arseny Mamedov said that the initiative of deputies will have a positive effect on the development of Russian small business. The expert pointed out that the document can cause resistance from the leadership of the Federal Tax Service and the Ministry of Finance of the Russian Federation.
The head of the Tax Policy Research Laboratory of the Institute of Applied Economic Research under RANEPA Svetlana Shatalova believes that the effect of the proposed measures will have limited effect. According to experts, measures to stimulate small business are being undertaken for a long time, but it does not solve the problem.
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