The right of SMEs to simplified liquidation


The law on simplified liquidation for SMEs has been adopted. To do this, you need to submit an application, enter in it a confirmation that the settlements with creditors have been completed. It is also necessary to make it clear to the Tax Service that all necessary taxes will be paid and reports submitted on the last day.

The necessary information in the Unified State Register of Legal Entities will be entered in the prescribed manner, but there are conditions that must be met:

– The organization must not be a VAT payer

-All settlements with creditors must be satisfied

-The Unified State Register of Legal Entities must contain reliable information 

-The organization has no debts on taxes and fees

-The Organization does not own vehicles and real estate

– The organization was not previously under the liquidation or reorganization procedure

The organization will be exempt from handing over the liquidation balance of the first and second stages. There is also no need for a liquidation commission.

However, there is still a need to publish about the upcoming liquidation. The procedure after liquidation by creditors is the same as before.

The amendments will take effect from 1.07.2023.


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