Tax Holidays for Individual Entrepreneurs: Modern Concept and Prospects of Development

Russian Economic Developments. Moscow, 2015, pp. 55-56

2 Pages Posted: 23 Feb 2015

See all articles by Vladimir Gromov

Vladimir Gromov

Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Date Written: February 9, 2015

Abstract

The Government of the Russian Federation has initiated a draft law which establishes the right of regions to introduce tax holidays for individuals. The privilege is expected to be granted to those who start business in production, social and scientific spheres. It is expected that the law in question will contribute to structural development of the small business at the expense of special support of those lines of business which are the most required at present in economic terms. At the same time, the draft law’s concept of motivation of certain types of business activities could receive further development. In our view, provisions as regards the extent of application of tax holidays need to be updated.

Keywords: Russian economy, tax holidays

JEL Classification: H2

Suggested Citation

Gromov, Vladimir, Tax Holidays for Individual Entrepreneurs: Modern Concept and Prospects of Development (February 9, 2015). Russian Economic Developments. Moscow, 2015, pp. 55-56, Available at SSRN: https://ssrn.com/abstract=2562337 or http://dx.doi.org/10.2139/ssrn.2562337

Vladimir Gromov (Contact Author)

Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Vernadskogo Prospect 82
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

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