St. Petersburg will reduce tax benefits for small businesses almost twice
In St. Petersburg may increase the tax for small businesses: the rate under the simplified system of taxation under the scheme “income minus expenses” plan to increase more than twice. The changes were already discussed in the City Council today.
In St. Petersburg may increase the tax for small businesses: the rate under the simplified system of taxation under the scheme “income minus expenses” plan to increase more than twice. The changes were already discussed in the City Council today.
Now the preferential rate can be applied by companies and individual entrepreneurs subject to a number of conditions: the presence of a profile type of activity, the absence of tax debt and the established level of average salary of employees. It is planned to narrow the range of beneficiaries of the benefit and leave it only for priority industries.
The rate of 7% will be maintained for manufacturing and research enterprises.
If the amendments are adopted, a huge number of entrepreneurs using a preferential rate will be transferred to the standard 15%. This can significantly increase the tax burden on small businesses.
Earlier it was reported that St. Petersburg entrepreneurs and homeowners in 2027 will have to pay taxes from the sale of property, deposits, securities, winnings and so on.
