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Taxes for owners of pharmacies and shoe stores will be reduced in Transbaikalia

Taxes for owners of pharmacies and shoe stores will be reduced in Transbaikalia
Photo: pixabay.ru
Close pharmacies and shoe retailers were in danger of closure. Starting from 2021, the single tax on imputed income will cease to apply in Russia, however, these enterprises will not be able to use this preferential treatment already in 2020. To reduce the tax burden in the Trans-Baikal Territory, they decided to change rates. 

According to the press service of the regional Legislative Assembly, tax rates for pharmacies will be reduced from 6 to 1%, and for owners of shoe stores from 6 to 2%. The bill was developed as soon as possible, in connection with the special procedure for the entry into force of amendments to the tax legislation of the Russian Federation. The deputies approved his proposal at an extraordinary meeting in two readings at once. 

The adopted changes will mitigate the consequences of changing the tax regime for business. As promised in the region’s Ministry of Economic Development, a reduction in the tax burden in other areas will be considered later. 
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