Insurance tariffs won’t change in 2016

Starting January 1st, 2016 the Federal Law of the Russian Federation as of December 14th, 2015 “Concerning insurance tariffs on compulsory social insurance against industrial accidents and occupational illnesses for 2016” will come into force.

Short text of the law consisting of 3 articles entrenches the established rules of payment and application of current tariffs of insurance contributions on compulsory social insurance against industrial accidents and occupational illnesses. It will correspond to the Federal law as of December 22nd, 2005 №179-FZ “On insurance tariffs on compulsory social insurance against industrial accidents and occupational illnesses for 2006” as it is stated in the law. Thus 32 insurance tariffs from 0,2% to 8,5% will remain in accordance with the types of economic activity and class of occupational risk.

Sole entrepreneurs will be given the existing discounts on payments to employed disabled persons of I, II and III groups in an amount of 60% of the fixed measure of insurance tariffs.

According to experts, when the draft law was introduced to the State Duma, its name was a little bit different: “On insurance tariffs on compulsory social insurance against industrial accidents and occupational illnesses for 2016 and planning period of 2017 and 2018”. The bill has already met the government’s approval on October 1st, 2015. However the negative changes in the Russian economy became more dynamic by the end of the year and the state budget was passed only for 2016. Apparently due to this, the maintenance period of insurance tariffs was decreased to 1 year at reasonable rate of insurance burden.