The Russian parliament is currently considering a draft bill that aims to modify the thresholds governing the application of the simplified taxation system for legal entities. Key provisions under consideration include:
- Employee Threshold Adjustment: If the bill passes, the maximum number of employees eligible for the simplified tax system could rise from 130 to 150. This change could potentially allow more businesses to take advantage of simplified tax procedures.
- Easier Transition to Simplified Tax System: Legal entities seeking to switch to the simplified tax system may find it easier under the proposed changes. The maximum income threshold for eligibility to transition within the previous 9 months could increase from RUB 112.5 million to RUB 160 million.
- Income Threshold Expansion: Another proposed amendment involves increasing the maximum income threshold from RUB 200 million to RUB 285 million. This adjustment aims to provide businesses with greater financial scope while still benefiting from simplified tax arrangements.
If the draft bill is approved, these adjustments could streamline tax procedures for businesses and potentially offer them greater financial flexibility. Further updates will be informed as this proposal progresses through the legislative process.
