Reducing the threshold for paying VAT to 20 million rubles a year forced 27% of small enterprises to think about reducing or closing their business, Kommersant writes, citing a survey by the Russian Chamber of Commerce and Industry. Another 26% of the entrepreneurs plan to curb income growth, 24% are ready to resort to splitting up the businesses and only 23% do not intend to change their activities. The changes also affected payments to customers: 29% of companies raised prices, 25% switched to cash and 32% maintained the cost of goods and services at the expense of their profits.

Reducing the threshold for paying VAT to 20 million rubles a year forced 27% of small enterprises to think about reducing or closing their business, Kommersant writes, citing a survey by the Russian Chamber of Commerce and Industry. Another 26% of the entrepreneurs plan to curb income growth, 24% are ready to resort to splitting up the businesses and only 23% do not intend to change their activities. The changes also affected payments to customers: 29% of companies raised prices, 25% switched to cash and 32% maintained the cost of goods and services at the expense of their profits.