What changes in tax legislation are expected in the coming years, and how will they affect small businesses and the self-employed?
Currently, the Russian government is actively working to modernize the tax system in an effort to create optimal conditions for stimulating entrepreneurship and improving the investment climate. Let's look at the most likely areas of reform and their impact on small businesses and self-employed citizens.
Expected changes in tax legislation
1. Transition to the digital economy
The development of technologies will lead to the introduction of new methods of tax administration, such as accounting automation and electronic document management. This will make life easier for small businesses by reducing bureaucratic costs and increasing the accuracy of calculations.
2. Small business support
It is likely to introduce preferential tax regimes for start-up entrepreneurs, expand the possibilities of applying the patent taxation system and increase the number of activities subject to minimum tax.
3. Increasing the role of digital platforms
Platforms such as Yandex.Mail, Sberbank Online, and others will be used for reporting and paying taxes, which will reduce the time and effort businesses spend interacting with tax authorities.
4. Self-employed citizens
The development of a special tax regime for the self-employed will continue, providing for a simplified income accounting scheme and minimum tax rates. The experiment is likely to spread further to the entire territory of Russia.
5. Optimization of the tax burden
The possibility of reducing VAT and excise taxes on small business products, as well as introducing a single tax on professional income, replacing a set of current taxes and fees, is being considered.
Impact on small businesses and the self-employed
- Small enterprises will benefit from reducing the administrative burden due to digitalization and automation of processes.
- It will become easier for individual entrepreneurs to control their finances and plan a budget.
- Tax regimes will be adapted to the needs of modern business, which will increase the attractiveness of entrepreneurial activity among young people and initiative citizens.
The planned changes are aimed at improving business conditions and ensuring economic growth by increasing the efficiency of the tax system.