Lowering the VAT threshold is necessary to curb illegal Silo schemes

© изображение сгенерировал ИИ

- The purpose of this measure is to combat business fragmentation and, consequently, tax evasion. It is estimated that companies with a turnover of 10 million rubles and below lose the economic sense of splitting up their business," Siluanov stressed.

• Earlier, the Ministry of Finance proposed lower the threshold for SME revenue on "simplified payment system" to switch to VAT from 60 million to 10 million rubles. The relevant proposal has been submitted to the Government for consideration.