{
  "id": 16654926,
  "title": "Integrated digital platforms drive SME growth and tax revenues",
  "url": "https://urgent.news/2026/10/25/integrated-digital-platforms-drive-sme-growth-and-tax-revenues",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-25T21:00:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/736785/business/integrated-digital-platforms-drive-sme-growth-and-tax-revenues"
  },
  "original_language": "en",
  "account": "Small and medium-sized enterprises (SMEs) play a crucial role in the global economy, comprising 90% of all businesses and employing more than half of the world's workforce. However, many developing countries face challenges in promoting SME growth due to informal operations, administrative burdens, and corruption. Russian President's special representative Boris Titov highlighted these issues during a presentation on SME development. To tackle these problems, Russia introduced an integrated digital platform that consolidates corporate registration, tax management, and banking services under one \"one-stop\" portal. This centralized system streamlined accounting processes, simplified payments, and improved access to credit for private businesses. As a result, the proportion of informal SMEs in Russia decreased from 80% to under 10% since the platform's launch, while the total number of registered small businesses increased by one million between 2018 and 2024. The number of registered self-employed individuals also reached 15 million, accounting for over 10% of the nation's population. The digital platform has boosted annual tax revenue from the small business sector, doubling it to $119 billion. Additionally, access to business loans nearly tripled, and suspicious financial activities decreased by 64%. The system's success has led to international collaborations, with similar integrated portals now operating in countries like Kyrgyzstan, China, India, and Europe, where they have doubled the SME tax base within two years.",
  "summary": "Deploying unified digital business services offers a practical method to bring informal enterprises into the regulated economy while increasing national revenue collection, according to a trade and de...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}