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BORIS TITOV PROPOSED TO REDUCE FINES FOR SMEs, INDIVIDUAL ENTREPRENEURS AND SELF-EMPLOYED

Business Ombudsman Boris Titov spoke to Vladimir Putin with an initiative to reduce fines for SMEs, individual entrepreneurs and the self-employed. The human rights activist also called for the introduction of a system of a differentiated amount of fines, which will directly depend on the size of profit of the person being fined. The idea was ...

Small businesses may be exempted from administrative fines

... proposed in a situation when an offense is committed for the first time. Thus, the small businesses will be taught a ‘lesson’ and will correct the mistakes without sacrificing their budget. Among other things, it was proposed to reduce the amount of fines by equating them with the penalties for individual entrepreneurs. The measure is related to the fact that among SMEs, there are mostly micro-enterprises, which are mainly represented by individual entrepreneurs, reports Vedomosti. However, the difference in the amount of fines that can be applied to individual entrepreneurs and LLCs is incredibly large and can ...

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