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18.07.2014

The list of taxpayers having the right to use the simplified taxation system will be expanded.

The State Duma intends to pass a bill that will expand the range of taxpayers having the right to use the simplified taxation system.

The document allows organisations to transfer to a simplified system of taxation if they have income not exceeding 150 million rubles in nine months of the year when the organisation submits notice of such transfer.

The current rules give this right to organisations having income of 45 million rubles in that nine-month period. The amendments will improve the tax environment for legal entities and individual entrepreneurs in the small and medium business segments.


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