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Update - Russia Publishes List of Eligible Manufacturing Activities for Social Security Contribution Reduction

19 December 2024

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Approved Changes

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Russia

Russia has published Order No. 3689-r of 11 December 2024 in the Official Gazette, which lists the eligible manufacturing activities for the reduced social security contribution rate of 7.6% for qualifying SMEs that applies from 1 January 2025. As previously reported, the reduced rate is available for registered SMEs deriving at least 70% of the income from carrying out prescribed manufacturing activities. The activities listed in the order and their classification codes include: 10.1 - Processing and canning of meat and meat food products 10.2 - Processing and canning of fish, crustaceans and mollusks 10.3 - Processing and canning of...