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60% of fitness clubs in Russia may close down due to rental problems

The Russian fitness market is threatened by another wave of liquidations. More than two-thirds of the fitness industry businesses can leave the market without, failing to enter into the agreement with their landlords. Club owners, who have experienced the effects ...

Increase in excise taxes and deductions for sports: new laws that will change the life of Russians from January 1

... should gradually become a thing of the past; from January 1, they should be replaced by ELN (‘electronic sheets of incapacity for work’). In 2022, the state decided to encourage those who actively support healthy lifestyles. Visitors of swimming pools, fitness centers and sports and recreation activities will be able to apply for a social tax deduction for payment of these services within 120 thousand rubles. From this or less amount, it will be possible to return 13%, thereby receiving back up to 15,...

FORECAST FOR 2021: EVERY TENTH GYM IN RUSSIA WILL BE CLOSED

Representatives of the Association of Fitness Industry Operators (AFIO) raised an issue of a negative scenario for the development of the industry, which has not recovered from the consequences of the restrictions regime introduced during the pandemic. About 10% of organizations offering ...

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