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Russia: Social insurance relief for SMEs from processing industries and services

Description

On 11 December 2024, the government of the Russian Federation adopted Decree No. 3689-р reducing social insurance contributions from 15% to 7.6% for domestic SMEs active in the processing industries a...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2025

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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