The Federal law thanks to which more persons will be able to apply the simplified system of the taxation is adopted

On July 3, 2016 the Federal law No. 243-FZ "About modification of parts the first and second the Tax code of the Russian Federation in connection with transfer of powers to tax authorities on administration of insurance premiums for obligatory pension, social and medical insurance" thanks to which more persons will be able to apply the simplified system of the taxation (further – the simplified tax system) is adopted.

The right to apply the simplified tax system can be received if the income in nine months of year in which the notice of transition to the special mode moves hasn't exceeded 90 million rubles. Will lose this right of the person, earned following the results of the reporting or tax period it is more than 120 million rubles. Such norms will come into force since January 1, 2017.

Now under the law limits make respectively 45 million rubles and 60 million rubles. In 2017 - 2019 norms on indexation of the threshold sums of revenue will be suspended.

Besides, since 2017 increases by 1,5 times the extreme size of residual cost of fixed assets, having settled which, the subject of business won't be able to apply the simplified tax system.

Now the extreme size of residual cost of fixed assets makes 100 million rubles.