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MIL OSI Translation. Region: Russian Federation –

Source: State University of Management – Official website of the State University –

Source: Vedomosti

According to the Federal Tax Service, at the end of 2023 the number of self-employed people in Russia exceeded 9 million people. Compared to the previous year, their number increased by 37%. “Vedomosti” Capital” has figured out what is causing this surge in business activity among Russians.

As Deputy Minister of Economic Development of the Russian Federation Tatyana Ilyushnikova notes, the popularity of the regime is explained by the availability of registration and ease of doing business. In addition, self-employment is one of the most convenient ways to start a business and try yourself as an entrepreneur, she believes. “Also, self-employed people can take advantage of a variety of support measures: preferential lending, property support, free training programs, assistance in entering marketplaces, promotion on social networks, participation in all-Russian exhibitions. At the same time, state support allows us to create conditions thanks to which the self-employed develop their business and move into full-fledged entrepreneurship: they register as an individual entrepreneur or LLC, create jobs, and scale up,” the deputy minister emphasized.

Five years ago, a special tax regime started as an experiment in four regions – Moscow, Moscow and Kaluga regions and the Republic of Tatarstan. Gradually, self-employment became available to residents throughout Russia. According to the Federal Tax Service, the number of self-employed people is now growing in all regions of the country.

The self-employed regime does not imply hiring employees, resale of goods, obtaining licenses, or permanent work in the interests of other persons. Self-employed status limits annual income to 2.4 million rubles. and suitable for small businesses.

According to Galina Sorokina, a professor at the Department of World Economy and International Economic Relations at the State University of Management, the experiment was originally conceived in order to bring out of the shadows the income of citizens received from popular services – renting out apartments, consulting and tutoring activities, etc. “The Experiment” is showing positive results, allowing many people who run their own small businesses to officially receive income without fear of being accused of tax evasion,” the expert noted.

Subscribe to the tg channel “Our State University” Publication date: 03/14/2024

Vedomosti

According to the Federal Tax Service, at the end of 2023 the number of self-employed people in Russia exceeded 9 million people…

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Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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