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Small business amnesty asked Mishustin - EastRussia | Far East

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Small business amnesty was asked from Mishustin

Small business amnesty was asked from Mishustin
Photo: pixabay.com

The “Growth Party” in an open letter asked the new Prime Minister Mikhail Mishustin to move to decisive measures to get out of the shadows and develop small and medium-sized enterprises. For this, the head of the Cabinet is proposed to conduct a tax amnesty for small businesses.

To support business in Russia, the party also proposed exempting all taxes for three years from enterprises operating under special taxation regimes, as was done in Kazakhstan. Also on the list of measures is the provision of industry access to cheap long-term unsecured loans, refinancing of securities by commercial banks and development institutions at 0% per annum.

To create conditions for increasing labor productivity, Mishustin was offered to allow depreciation for profit tax and for property tax and VAT to be calculated, and the depreciation amount should be calculated as 150% of the cost of depreciable equipment of Russian manufacture. Measures also include freezing the tariffs of natural monopolies for three years and introducing a tariff calculation system based on the Price cap methodology to set profit margins for monopolies and marginal prices and income limits.