Tag tax
Economics | Business  | 15.01.21

Russian Minor Entrepreneurs Offered Taxes Refund

Stanislav Kudzh, the rector of the Russian Technological University MIREA, came up with an initiative to reimburse the taxes paid by underage entrepreneurs which they can spend on education, RT reports.  “We ask you to consider the possibility of a full refund of taxes paid by underage entrepreneurs (self-employed and individual entrepreneurs) for receiving state-accredited

Economics | Business  | 02.01.21

New Tax Started Operating in Russia

On January 1, 2021, a tax on income from interest accrued on bank deposits of individuals, the total amount of which exceeds a million rubles, began to operate in Russia, RIA News reports. The tax will be calculated not on the amount of the deposit, but on the interest going, with a tax rate of

Moscow | Insight  | 17.12.20

Self-Employed Number in Moscow Increased in 2020

The number of self-employed residents of the Russian capital increased by 260 thousand people in 2020, according to the official website of the Moscow Mayor. In total, over 454 thousand payers of professional income tax are registered in the city, which is two times more than last year.  According to the head of the Moscow

Economics | Events | Visit  | 01.12.20

Rostov Entrepreneurs to Take Part in Business Forum

Leading federal experts in the field of taxation together with the heads of regulatory and supervisory bodies, public associations of entrepreneurs, and business entities of Russia will discuss tax control, digitalization in the tax system, tax planning, and much more on the online business forum.  The forum will be held on December 2, 2020, from

Economics | Business  | 17.11.20

Moscow Entrepreneurs Received Over 3.5 Billion Rubles Support

More than 30 thousand Moscow organizations received deferred payments for property tax, land tax, and trade duty for the first quarter of 2020, the official website of the Moscow Mayor reports with reference to the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.    According to Efimov, the total

Moscow | Insight  | 03.11.20

Over 200,000 Self-Employed Registered in Moscow in 2020

The number of self-employed in Moscow increased by 202,000 people in the nine months of 2020. In total, more than 396,000 payers of professional income tax are registered in the city, which is twice as much as in 2019. Most of them work in construction, delivery, passenger transportation, tutoring, marketing, advertising, and consulting.  “For the

Economics | Business  | 14.10.20

Self-Employed Minors to Get Additional Tax Benefits

Self-employed minors in Russia from 2021 will receive an additional tax break of 12 thousand rubles, according to the corporate director of the Agency for Strategic Initiatives Elena Myakotnikova, 1prime reports. She noted that such support will allow young entrepreneurs to create their own business in more comfortable conditions.  The Agency for Strategic Initiatives, Sberbank,

Insight | Kazan  | 12.10.20

Kazan Restaurants Exempted From Rent for Summer Verandas Placement

More than half of seasonal retail facilities in Kazan are summer verandas, that is why to support the restaurant business the city mayor, Ilsur Metshin, made a decision to decorate summer verandas free of charge, KazanFirst reports.   Thanks to this decision, city catering facilities opened 146 outdoor venues free of charge. It is also specified

Insight | Chelyabinsk  | 06.10.20

Transport Tax Decreased in Chelyabinsk Region

The governor of the Chelyabinsk region, Alexei Teksler, came up with an initiative to reduce the transport tax rate. In September 2019, the deputies of the Legislative Assembly of the region considered and adopted amendments to the regional law, chelTV reported.   Thus, the rate was reduced by 30 per cent for owners of passenger cars

Insight | Nizhny Novgorod  | 11.09.20

Number of Billionaires Grown Sharply in Nizhny Novgorod Region

According to the results of the declaration campaign of 2020, 15 billionaires live in the Nizhny Novgorod region, while there were only 12 of them a year earlier, NewsNN reports with reference to the Federal Tax Service for the region.  It is also noted that there are 20,400 people in the Nizhny Novgorod Region, whose

Economics | Business | Trip Advisory  | 05.09.20

Tax-Free to Be Spread to All Russian Regions

The Russian government has approved the compensation of the tax paid by citizens of foreign states as part of the price of goods exported outside the customs territory of the Eurasian Economic Union (EAEU), the press service of the Cabinet of Ministers of Russia reports. Tax-free is fully planned to be transferred to electronic form