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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 announced ...

Small businesses may be exempted from administrative fines

... with a much higher turnover will receive a smaller fine for the same offense compared to a company. And the latter, in turn, may be on the verge of the collapse due to the imposition of a sanction on it. For this reason, it was proposed to equate the fines for individual entrepreneurs with sanctions for micro and small enterprises, as well as socially oriented non-profit organizations. At the moment, the bill is being prepared for submission to the government commission, and if approved, it will be submitted ...

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