Russia MOF Announces President Signs Law With SME Tax Relief, Other Incentives

The Russian Ministry of Finance April 29 announced that the President signed Law No. 104-FZ, providing tax relief for small and medium-sized enterprises (SMEs), and other incentives. The law includes measures: 1) exempting from VAT, from April 1 to Dec. 31, simplified tax system (STS) catering businesses, if 2025 revenue from the main activity was at least 70 percent of total revenue; 2) exempting from VAT, from April 1, individual entrepreneurs who applied the STS in 2026 and exceeded the 20 million Russian ruble (US$266,947) VAT limit due to interest income; 3) allowing entrepreneurs that used a patent in 2025 ...