Irina Kiviko: Tax benefits will reduce the burden on Crimean business

According to the press service of the Ministry of Economic Development of the Republic of Crimea
21 April 2020

Tax benefits will reduce the burden on Crimean business. The relevant changes have already been adopted in the laws of the Republic of Crimea. This was stated by the Deputy Chairman of the Council of Ministers of the Republic of Crimea – Minister of Finance of the Republic of Crimea Irina Kiviko.

«In the Republic of Crimea, preferential tax conditions have been adopted at the legislative level for the most affected industries, as well as industries that provide life support to citizens in the context of a pandemic. Namely, the tax cuts will affect the simplified and the patent system of taxation», said Deputy Prime Minister.

The Deputy Chairman added that the region has adopted another law in the field of taxation.

«In Crimea, there will be a special tax for self-employed persons who are not registered as individual entrepreneurs, but receive income from the provision of various types of services. Thanks to this, we will be able to legalize the income of a significant number of such individuals and provide favorable conditions for their activities», said the Deputy Prime Minister.

The new tax regime for self-employed citizens «Professional income tax» will come into force on July 1, 2020 in compliance with the requirements of Federal legislation.

In addition, Irina Kiviko said that at the moment, on behalf of the Head of the Republic of Crimea Sergey Aksyonov, a bill is being prepared that will allow the introduction of tax incentives for transport tax and property tax.

 

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