Three quarters of Russian small entrepreneurs are considering the possibility of closing their business, limiting its growth or splitting it due to a decrease in the income threshold for paying VAT. This will be evidenced by the results of a survey by the Chamber of Commerce and Industry of the Russian Federation, in which 23 thousand entrepreneurs from 87 regions participated.
Due to new tax requirements, 27% of respondents are thinking of downsizing or closing the business, 26% intend to curb revenue growth to avoid paying VAT, and another 24% are considering splitting their business.
Only 23% of entrepreneurs expect to continue working without changes.