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Taxes for business will be reduced in Chukotka

Taxes for business will be reduced in Chukotka
Photo: pixabay.com

New business support measures are being taken in Chukotka. It is supposed to minimize taxes for entrepreneurs. The introduced adjustments will not only overcome the crisis, but will also provide an opportunity for development.

According to the press service of the regional government, the new law, which was supported by the deputies of the district, reduces the tax rate on the "simplification". from January 1 to December 31, 2020, for all organizations, regardless of the field of activity, they will be reduced to a minimum. With the “Revenues” system - from 6% to 1%, with the “Revenues minus expenses” system - from 15% to 5%.

Opportunities for moving to a patent tax system have been expanded. For this, the maximum annual income for individual entrepreneurs was halved. Now it ranges from 12,5 thousand rubles to 594 thousand rubles.

The normative act establishes tax preferences for subjects of social entrepreneurship. With a simplified taxation system, from January 1, 2021, they will decrease by 4% with the Income system and by 10% with the Income minus expenses system.

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