Tatarstan self-employed people will be able to apply for all measures of state support provided for SMEs

The self-employed of Tatarstan will be able to apply for all measures of state support provided for SMEs. Among them are soft loans, subsidies and grants, tax benefits, participation in leasing programs and business training. The corresponding decision to extend the measures of state support to small and medium-sized enterprises in the context of the coronavirus pandemic for self-employed citizens was made on June 8, 2020 under Federal Law No. 169.

According to the results of the 2019 “pilot” year, more than 60 thousand self-employed citizens were registered in Tatarstan. Today, more than 67 thousand residents of the Republic have chosen the special tax regime “Professional income tax”.

The law provides for financial and property support: it is the rental of municipal property at preferential rates, soft loans, subsidies and grants for starting and developing a business. Also, according to the law, payers of professional income tax can act as suppliers of goods and services on public procurement, along with SMEs. This measure will be valid until 2028 - for the period of the experiment on introduction of tax on professional income. In addition, state executive authorities should provide the self-employed with comprehensive information support.

The law, inter alia, provides for the right of regional authorities and local governments to independently provide self-employed additional support at the expense of the budgets of the constituent entities of the Russian Federation and local budgetary funds.

According to the document, the support measures provided by “SME Corporation” AO and its subsidiaries will also be accessible for individuals applying the special tax regime “Professional income tax”.

It is assumed that implementation of the law and expanding access to support measures will create favorable conditions for the involvement of self-employed citizens in a legal business environment.

Earlier it was reported that the self-employed of the Republic will be refunded the taxes paid by them in 2019 in the amount of 139 million rubles, and that tax capital in the amount of the minimum wage will be provided to pay the tax payable from July 1 to December 31, 2020.