President Vladimir Putin signed Federal Law No. 349-FZ On Amendments to Article 12 of the Law of the Russian Federation On Chambers of Commerce and Industry in the Russian Federation and the Federal Law On the Development of Small and Medium-Sized Businesses in the Russian Federation.
Information about legal entities and individual entrepreneurs that meet the criteria for being classified as SMEs will be entered on a monthly basis.
Organizations and sole proprietors that have not provided information to the Federal Tax Service or that no longer meet the criteria for being classified as SMEs will be excluded from the register annually on July 10. Entrepreneurs excluded from the register of SMEs during the year on formal grounds will be able to restore their status by submitting the necessary documents to the Federal Tax Service of Russia.
The Chambers of Commerce and Industry are also included in the list of organizations forming the infrastructure for supporting SMEs by the adopted law. This will allow them to participate in regional and municipal programs to support small and medium-sized businesses.