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Every fourth shopping center in Russia faces closure by autumn

Every fourth shopping center in Russia faces closure by autumn
Photo: pixabay.com

According to the forecasts of the Russian Council of Shopping Centers (RSTC), by the fall of this year, 25% of shopping centers may close in the country. To support them, it is proposed to introduce a tax deferral.

According to RIA News, RSTC appealed to the Russian government with a request to additionally support shopping centers. According to the Council, the moratorium on the collection of tax debts ending July 1 should be extended by postponing the deadline for paying the debt by 2021.

According to RSTC estimates, without deferment, the total tax of shopping centers on value added will amount to 52 billion rubles, property tax - 24 billion rubles, income tax - 15 billion rubles and a single social tax - four billion rubles. If the collection of these amounts begins, then the accounts of most shopping centers will be blocked, because organizations simply do not have that kind of money. After that, about a quarter of the centers may close by fall.

Moreover, the RSTC reminds that up to 25% of the retail trade turnover of the whole country and 90% of civilized trade are concentrated in shopping centers. During the pandemic, this industry did not receive benefits and subsidies from the state, and the revenue even after the abolition of the self-isolation regime will be restored for more than one month. So far, about 10-20% of the indicators of the previous year have come from tenants. All these revenues go to the disinfection of retail space and utilities.

In addition to tax deferrals, representatives of the shopping center ask for subsidies for current activities and opening in the near future in those regions where the work of the shopping center is still not allowed.

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