State Duma will consider the new amendments to the Tax Code regarding the taxation of individual entrepreneurship

The seventeenth May 2011 election to the State Duma of Russia met to review the new amendments to the Tax Code in respect of small and medium-sized businesses. According to sources, the main issue was the transition meeting of the State Duma from the single tax on imputed income (UTII) to USN (simplified taxation system) based on the patent. These amendments directly affect small businesses. They focus on tax incentives to support and develop SMEs in the Russian Federation. If the bill is approved, the tax code will be a new article titled "The patent system of taxation." With the introduction of this chapter shall be canceled, then the other article, which today governs the use of simplified HF PI (entrepreneurs) on the basis of the patent. So, in future IP will themselves choose the patent for a certain period (from 1 month to 1 year). Taxed at a rate of 6% would be potentially possible income for one calendar year. Although the bill enjoyed not only MPs but also by entrepreneurs, experts claim that it has many shortcomings. If the State Duma, the amendments will be approved in the near future entrepreneurs face problems such as limitations in their own right to use the convenient special tax regime. In addition, UTII can be used not only IP but also other enterprises. But the patent simplified HF will only be used IE. That is, it turns out that in drawing up amendments to the Tax deputies did not take into account the fact that small businesses use today UTII not be able to go to the patent.