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Small and medium-sized businesses will be supported in Transbaikalia

Small and medium-sized businesses will be supported in Transbaikalia
Photo: pixabay.com

The authorities of the Trans-Baikal Territory have developed measures to support small and medium-sized enterprises. These included deferred tax payments for the simplified tax system for six months, a moratorium on rents, interest-free loans to pay salaries and replenish working capital.

According to the press service of the regional government, loans will be issued by the regional Entrepreneurship Support Fund. Payment of rent for the use of regional and municipal property will be delayed for two months.

The Ministry of Economic Development of Transbaikalia is now preparing a second package of measures to support business. Among them, the cancellation of taxes on transport, on the property of SME organizations and the deferral of UTII payments and the extension of the terms for its payment are possible.

Earlier support for entrepreneurs envisaged and at the federal level. Tax incentives and other exemptions are provided for those industries that are most affected by coronavirus.


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