THE RUSSIAN GOVERNMENT HAS REDUCED THE INSURANCE CONTRIBUTION RATE FOR SMALL AND MEDIUM-SIZED BUSINESSES (SMES) TO 7.6%
Starting from January 1, 2025, insurance contributions for small and medium-sized enterprises in the manufacturing sector will be reduced to 7.6%. This was announced by the Chairman of the Russian Government, Mikhail Mishustin.
Small and medium-sized enterprises producing food products, pharmaceutical substances, fabrics and clothing, plastic and glass products, household appliances, and other goods will benefit from this preferential rate. In total, the list includes more than 30 types of economic activities.
“This support will primarily allow small and medium-sized businesses to increase profitability, retain billions of rubles annually, which can be used for further development of new products, expanding production, as well as for growth in productivity and improving conditions for employees,” the Chairman of the Russian Government, Mikhail Mishustin emphasized.