Bruce Marks speaks at RT’s Sanchez Effect in Moscow, Russia

American Perspectives on Global Affairs from Moscow In a recent episode of RT’s Sanchez Effect, host Rick Sanchez welcomed Bruce Marks, a former...

Bruce Marks speaks at ThoughtLeaders4’s Sovereign & States Litigation Summit USA

We’re pleased to announce that Bruce Marks, Founder and Managing Member of Marks & Sokolov, will be speaking at ThoughtLeaders4’s Sovereign...

Bruce Marks Speaks at the Pravo.RU Conference

On September 19, Bruce Marks, Founder and Managing Director of Marks & Sokolov, speaks at the session “Liability Under Control” during...

Sergei Sokolov speaks at the Forbes Federal Legal Forum 2025

On 18 September 2025, Forbes Russia will host the annual Federal Legal Forum in Moscow, a central event for the Russian legal community focusing on...

Marks & Sokolov Secures Another OFAC License for Release of Blocked Russian Client Funds

Marks & Sokolov is pleased to announce another success in our sanctions-related practice: we have obtained an OFAC license authorizing the...

​Updates on the recent Russian-related § 1782 applications – U.S. courts weigh discovery requests tied to sanctions, shareholder disputes, and asset battles.

Section 1782 of Title 28 of the U.S. Code allows parties to seek discovery in U.S. courts for use in foreign proceedings. In recent years, Russian...

Decrease of insurance payments from 30 to 15%

by | Apr 15, 2020 | Blog, M&S Updates

One of the measures related to the COVID-19 pandemic announced by President of the Russian Federation in his address to the nation made on March 25, 2020 with regard to social-economic support for citizens, small and medium enterprises is the twofold decrease of insurance payments. This measure is introduced by Federal law dated April 1, 2020 No 102-FZ.

Starting from April 1, 2020 a decreased rate of insurance payments for individuals exceeding the minimum wage amount has been introduced for small and medium enterprises. Such rate will be 15% and is calculated as follows:

10% – for obligatory pension insurance;

5% – for obligatory medical insurance (See part 1 of Article 5, Article 6 of Federal law No 102-FZ).

This measure is permanent and will also be applicable after 2020 (See point 9 of Article 2 of Federal law No 102-FZ).

Besides, a grace period for small and medium enterprises has been introduced with regard to all taxes other than VAT.

According to Article 4 of Federal law dated July 24, 2007 No 209-FZ “On development of small and medium enterprises in the Russian Federation” small enterprises are those with under 100 employees and annual revenue up to 800 million rubles, medium enterprises are those with up to 250 employees and annual revenue not exceeding 2 billion rubles.