CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Russian Tax Hike Deters Self Employment

Russian Tax Hike Deters Self Employment

by Tatiana Smolenskaya, Tax-News.com, Russia

13 March 2013


A Russian small- and medium-sized business association has called on the Government to reverse its decision to double social security contributions for the self-employed after a government representative admitted that 7% of self-employed persons had ceased operating.

On January 1, 2013, the Russian Government doubled social security contributions for self employed persons earning RUB50,000-100,000 a month, by RUB35,600 (USD1,170) each year.

Natalia Larionova, director of the ministry's department for small-medium enterprise business and competition admitted to RIA Novosti that the hike had triggered a fall of almost 300,000 in self-employed numbers.

In response, the Government is considering plans to increase state pension allocations for the self-employed but may bow to pressure to u-turn on the hike.

TAGS: Russia | tax | business | social security

To see today's news, click here.

 
















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »