From April 1, 2021, small and medium-sized business entities (SMEs) can pay reduced insurance premiums, under the new legislation.
These tariffs are set for payments to employees determined at the end of each calendar month and exceed the federal minimum living wage, which in 2021 is 12,792 rubles.
If the payment is less than or equal to the minimum living wage, contributions are paid according to the general rules and basic tariffs, taking into account the maximum base for insurance premiums for the year.
If the payment exceeds the minimum living wage, the total amount of contributions will consist of 2 parts. The first one is calculated based on the minimum living wage under the general rules, and the second one is calculated from the excess amount at reduced rates.
These changes are shown in more detail in the table below.
A Russian organization is classified as a small or medium-sized business if, as of January 1, 2021, it meets the following criteria: