WHAT CHANGES IN THE LEGISLATION FOR SMALL AND MEDIUM BUSINESSES WILL BE IN 2025?
The beginning of 2025 is accompanied by a number of innovations that directly affect representatives of small and medium businesses. It is important not to miss these changes in order to work in accordance with the updated rules and regulations in the new year. To help small and medium businesses, the SME Corporation has prepared a material with the main changes in the legislation.
First of all, we are talking about taxes and contributions:
- The parameters for applying the simplified tax system will change: the maximum income for applying the simplified tax system has been increased to 450 million rubles, however, with an income over 60 million rubles, there will be an obligation to pay VAT.
- The corporate income tax rate will increase to 25%.
- A progressive scale of rates is introduced for personal income tax depending on the amount of income.
- Hotels and other accommodation facilities will need to pay a tourist tax (if it is introduced by local authorities).
- Automated simplified taxation system becomes available in most regions.
- A federal investment tax deduction is being introduced for catering, hotels, IT, manufacturing and a number of other areas.
- Veterinary services of commercial clinics are exempt from VAT.
- A tax amnesty for business splits is being launched.
- A simplified procedure for considering complaints to tax authorities will come into effect.
- A reduced rate of insurance premiums for SMEs of 15% is applied to payments in excess of 1.5 minimum wages.
- SMEs in the manufacturing sector have the right to pay insurance premiums at a preferential rate of 7.6%.
- Fixed-rate insurance premiums for individual entrepreneurs will be 53,658 rubles (for individual entrepreneurs in new regions, premiums are 36,000 rubles).
The minimum wage will change from the new year. It will be 22,440 rubles per month. If the employer's full-time rate is lower / the region has set an increased minimum wage, the salaries of employees under an employment contract should be increased.
Another change concerns mandatory requirements. In the new year, most sellers at markets and fairs must use cash registers (the rule will come into effect on March 1, 2025). In addition, hotels and other accommodation facilities must be classified and included in the new register.
In the area of corporate governance, the procedure for regulating corporate relations in JSCs and LLCs is changing: meetings of management bodies can be held remotely. Other changes are also envisaged (the rule will come into effect on March 1, 2025).
The implementation of the Small and Medium-Sized Entrepreneurship and Support for Individual Entrepreneurial Initiatives begins new federal project. Within its framework:
- The umbrella mechanism of guarantees has been extended.
- New programs of preferential financing of SMEs in priority sectors will appear.
- All preferences for SMEs when participating in purchases of major customers have been retained.
- New services and digital tools on МСП.РФ and others will be developed.