For small and medium-sized businesses from priority sectors, the reduced tax rates under the simplified tax system will be maintained in 2025
A meeting of the Committee on Budget, Taxes and Finance was held in the State Council, where draft laws on taxation of small and medium-sized businesses and regional investment projects were discussed.
First Deputy Minister of Economy of the Republic of Tatarstan – Director of the Department of Entrepreneurship Development - Natalia Kondratova presented a draft law on extending the reduced tax rate of 5% for 2025 under the simplified taxation system with the object of taxation "Income reduced by the amount of expenses" for enterprises from priority industries.
The extension of this tax benefit will have a positive effect on maintaining a favorable business climate and developing small businesses in the republic.
They also discussed a bill to raise the income tax rate from 20% to 25% and to exclude restrictions on a reduced tax rate for participants in investment projects with investments from 50 to 500 million rubles after December 31, 2026.
In addition, the meeting reviewed the results of the Committee's work for the 2nd half of 2024, and the work plan for 2025.