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Tax holidays for business are planned to be extended in Russia
Tax holidays for small and medium-sized businesses are planned to be extended until April 1. Representatives of the industries most affected by the pandemic are going to be exempted from paying most of the taxes and insurance premiums for March and the first quarter of 2020.
In the spring, tax holidays were introduced as an anti-crisis measure for 12 areas. Now they operate for catering, cultural institutions, organizers of exhibitions and companies that provide household services to the population.
As they say "News", the extension of the tax deferral was discussed at a meeting with First Deputy Prime Minister Andrei Belousov. It is assumed that the tax holidays will be extended for culture, leisure and entertainment, fitness and sports activities, catering, organizers of conferences and exhibitions, organizations that provide household services to the population.
According to the Russian government's estimates, the total amount of deferred payments exceeded 217 billion rubles. The FTS stated that they took advantage of the tax support measures, taking into account the self-employed, in 117 thousand cases. Experts believe that additional tax deferral is necessary, since business has not yet fully recovered from the pandemic and is still in a difficult situation.