As previously reported, Russia published Federal Law No. 176-FZ in the Official Gazette on 12 July 2024, which provides for the introduction of various tax reforms including a reduced social security contribution rate of 7.6% for qualifying SMEs. The reduced rate is available from 1 January 2025 for registered SMEs deriving at least 70% of the income from carrying out prescribed manufacturing activities. For this purpose, the Ministry of Economic Development has prepared a list of eligible ma…