The law on support of small and medium business is approved

25 June 2015, Thursday
On June 24, 2015 the Federation Council approved the law in which the zero tax rate for individual entrepreneurs who passed to the simplified or patent system of the taxation is entered. The press service of the upper house of parliament reports about it.
For the first time registered individual entrepreneurs who conduct the activity in production, social and scientific spheres and passed within two years from the date of registration for the simplified or patent system of the taxation, will be able to receive two-year "tax holidays". Tax holidays will be provided from 2015 to 2020 inclusive.
The law extends also on self-busy citizens - the natural persons who don't have hired workers and register as individual entrepreneurs for action of the patent.
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