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MIL OSI Translation. Region: Russian Federation –

Source: Moscow Government – Moscow Government –

The number of payers of professional income tax in the capital as of March 1, 2024 exceeded 1.6 million people. This was announced by the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.

“17 percent of all self-employed people registered in Russia work in Moscow—more than 1.6 million people. Since January of this year, their number has increased by 46 thousand, which indicates attractive conditions for doing business in the city. The income of the capital’s self-employed since the beginning of this tax regime on January 1, 2019 amounted to more than a trillion rubles. Moreover, in the first two months of 2024 alone, they earned over 55 billion rubles,” said Vladimir Efimov.

Professional income tax is required by citizens who work for themselves and do not hire employees. The advantages of this form of small business are ease of registration, automated transmission of information about income received, no obligation to provide reports and use cash registers.

According to Department of Economic Policy and Development of Moscow, the most popular types of activities among self-employed people who indicated them during registration are passenger transportation, delivery, apartment rental, advertising and marketing, construction, and tutoring.

In January-February 2024, professional income taxpayers issued 10.7 million checks to clients. The average check size by March 1 increased by 16 percent compared to March 1, 2023 and amounted to 3,336 rubles.

Self-employed people transferred 2.2 billion rubles to the Moscow budget – 49 percent more than in the same period last year. And during the entire period of operation of this tax regime, more than 26 billion rubles were received from them into the treasury.

The city offers a modern educational infrastructure to everyone who plans to develop a career, including choosing the path of an entrepreneur. A new center is opening in Moscow “Professions of the Future”, it is open at the address: Shchepkina Street, building 38, building 1. In a maximum of three and a half months, here you can master one of 75 in-demand professions in various sectors of the economy.

To support aspiring entrepreneurs in the flagship employment center “My job” (Shabolovka street, building 48) a unique full-cycle ecosystem “Self-employment in your hands” has been developed. It allows you to undergo comprehensive preparation for the successful start of your business – from identifying entrepreneurial skills through professional testing, drawing up a business plan, choosing a form of ownership, registration (self-employment, individual entrepreneur or LLC) to promotion.

Self-employed people also have access to various non-financial support measures, which can be found on the website of the state budgetary institution “Small Business of Moscow”. In addition, they can participate in the competition “You can!”: Talk about their products or services, how they benefit society, and how they plan to operate. The prize fund is one million rubles for the development of your business. Applications are accepted on the portal mbm.mos.ru until April 22.

Capital businesses can receive assistance in developing their activities within the framework of the national project “Small and medium-sized enterprises and support for individual entrepreneurial activity”. You can find out more about this and other national projects implemented in Moscow on a special page.

More information about economic policy and property-land relations in Moscow is on the website economy.mos.ru.

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.

MIL OSI News (multilanguage service)