Implementation of support programs was discussed at the videoconferencing in the Ministry of Economy of the Republic of Tatarstan
A number of regular meetings of the working group on implementation of the Action Plan to ensure sustainable development of the republic's economy, chaired by Midkhat Shagiakhmetov, took place at the Ministry of Economy this week.
Before moving on to the agenda, the Minister focused on new federal support measures. In particular, they talked about subsidies to support light industry. According to the Decree of the Government of the Russian Federation No. 1426 dated September 14, 2020, light industry enterprises are partially compensated for the costs of repaying interest on loans. The decision applies to loans taken in the period from 2019 to 2022 to replenish working capital, and provides for the reimbursement of 70% of the cost of interest payments. Until the end of the year, 1 billion rubles will be allocated for this support measure. It will be possible to receive compensation for loans issued for up to three years. Subsidies to support companies will be received monthly.
The Minister of Economy also emphasized that not all enterprises of the republic fully possess information about the current support measures, and therefore, work on informing about programs implemented at the federal and republican levels remains a priority for local governments, members of the working group and specialized departments.
One of the topics on the agenda was the cancellation of UTII from January 1, 2021. There are more than 50 thousand taxpayers in the Republic of Tatarstan using this regime. In this connection, it becomes important to inform this category of entrepreneurs about the need to switch to other special regimes no later than the date of abolition of the single tax on imputed income. Otherwise, the general taxation regime will automatically come into force for the SME entity. Today, Tatarstan taxpayers have the opportunity to choose tax payment regimes, such as the Patent taxation system, Simplified taxation system, Unified agricultural tax, and also switch to a special tax regime – “Professional income tax”.