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Putin Orders Delay of VAT Threshold Cut for Businesses

  • Putin said the planned reduction in the VAT payment threshold for businesses should be delayed, ideally as long as possible, keeping it at the current 20 million rubles.
  • He asked the government, VEB.RF, and business groups to create a concept for smooth business growth and transitions to larger categories with minimal costs.
  • The plan should cover all stages of business development, from self-employment to sole proprietorships and larger companies, including the platform economy.
  • He also called for possible benefits for small and medium-sized manufacturing businesses, simpler tax reporting, and a national model for better business conditions.
  • Additional proposals included support for private investor innovation, collective investment mechanisms, and ways for citizens to directly invest in local and regional development.

Source: garant.ru

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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