Central regions | Finance, business

Russia unveils SME support package in growing COVID-19 crisis

7 Apr '20
The Russian Government has published plans to grant various deferments on tax payments to small and medium-sized enterprises (SMEs) and individual entrepreneurs listed on the Government SME Register and operating in the sectors most adversely impacted by the spread of COVID-19.

SMEs and individual entrepreneurs in those sectors are granted a six-month deferment on paying taxes (except for VAT, taxes for self-employment, and taxes paid as a tax agent), and on advance tax payments for March and Q1. The income tax deferment for individual entrepreneurs will be for three months.

Yesterday the Government decreed to institute a moratorium on tax inspections and a cancellation of liability for violations and failure to provide information requested by tax authorities until May 31. Various tax declaration deadlines have also been pushed back.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: government (60) / COVID 19 (17) / small and medium sized enterprises (1) / tax inspections (0) / moratorium (0) / deferment (0) /

Latest News: Central regions
29 May '20 | Technology & innovation | Finance, business
29 May '20 | Technology & innovation
28 May '20 | Technology & innovation
 

Feature stories

21 May '20
Russian and Italian researchers have developed a...
5 Apr '20
To extend the service life of medical fabric masks—an...
26 Feb '20
A Russian developer has come up with its own...
Search (News archive - 22002)

World of the Future, World of AI

Luc Jones: A Guide to Doing Business in Russia and the CIS Countries
Why Russians Don't Smile
Advertising
Venture_Russia_2019_eng
Advertising
NATT
Advertising
Marchmont News

Latest News

29 May '20
A Russian research team has developed a neural...
28 May '20
A 21% average daily increase in the number of online...
27 May '20
A new compound has been synthesized in Moscow. Its...

Most read stories from last week

29 May '20
VDK supplied three disinfection systems to the...
29 May '20
A Russian research team has developed a neural...