Dagestan to extend reduced tax rates for business until 2025
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The reduced tax rates in Dagestan will be prolonged till 2025, the Minister of Economy and Territorial Development of the Republic Gadzhi Sultanov said. According to the top official, the decision to extend the action of the reduced tax rates has been taken due to numerous appeals of the local entrepreneurs.
In particular, it is planned to extend the previously established minimum possible rates under the tax legislation on the simplified taxation system (on the object of taxation "Income" - 1%, on the object of taxation "Income minus expenses" - 5%) and on the single agricultural tax (1%).
It was also decided to reduce the potential possible annual income under the patent system of taxation by 2 times.