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Entrepreneurs of Primorye will reduce the tax burden on the simplified tax system

Entrepreneurs of Primorye will reduce the tax burden on the simplified tax system
Photo: primorsky.ru

The authorities of Primorsky Krai continue to introduce support measures for entrepreneurs in the region in the context of the crisis caused by the spread of coronavirus. This time, the tax burden on the business will be reduced under the simplified taxation system and property tax.

According to the press service of the regional government, on April 6, at an extraordinary meeting of the local Legislative Assembly, amendments to the regional law were adopted. It is planned to reduce rates on the simplified tax system for all business entities to 3% of revenue.

In addition, from 2% to 1% the tax rate on property of organizations paid from the cadastral value is reduced. Among those who are entitled to these support measures are large landlords. They will have the opportunity to either provide installments or reduce the cost of rent for representatives of small and medium-sized businesses.

In the list of the most affected enterprises, sanatorium and spa organizations and fitness organizations were added. Now they will be able to count on a reduced rate on the simplified tax system. According to experts, these measures will reduce the financial burden on the business by four billion rubles.

Earlier it was reported that business in Primorye will be freed from payments for rent and land. Innovations will concern only regional property. 

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