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Tax burden changed small business in Buryatia - EastRussia | Far East

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Tax burden changed small business in Buryatia

Tax burden changed small business in Buryatia
Photo: pixabay.com

The People’s Khural of Buryatia at an extraordinary session amended the laws on tax regulation. Now, the tax burden will increase for entrepreneurs who employ from ten to 15 people.

Entrepreneurs who do not have hired employees will pay less on taxes in the republic. According to the press service of the People’s Khural, all amendments apply to those who operate the patent tax system.

Some deputies said that there were concerns - conscientious entrepreneurs, due to the growth of the patent, would start looking for alternative tax systems or go into the shadows: transfer workers to black salaries, split enterprises. However, other parliamentarians said they would not lead to a social explosion: for enterprises where there are more than ten employees with revenues that exceed the threshold provided for micro-business, the cost of a patent will increase. However, they will be able to use other tax systems.