The self employed will distribute measures to support small business

Arrangements for business introduced from the beginning of the pandemic coronavirus in Russia. But self-employed they are not immediately affected. The Russian government has offered to fix it. First of all it financial, property, informational, consulting and educational support, the Cabinet said in an explanatory note. The measures include credit guarantee assistance, participation in preferential leasing programs, access the services portal business Navigator to SMEs, where it is possible to calculate the business plan, pass free training and consultations with lawyers.

Thanks to the new bill, such measures will benefit citizens, applying special tax regime “Tax on professional income”.

Assistance will be provided through regional budgets, and through the “SME Corporation” and its subsidiaries.

In case of acceptance the law will come into force 10 days after its official publication.