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A new package of support measures for business was prepared in the Amur Region

A new package of support measures for business was prepared in the Amur Region
The authorities of the Amur region have formed a new package of measures to support businesses affected by the coronavirus pandemic. Proposals for tax incentives have already been formed into a single document, it will soon be sent to the Legislative Assembly of the Amur Region. Deputies should consider it before the end of April.

Entrepreneurs plan to reduce tax rates on a simplified taxation system, reduce property tax for lessors with the condition of the direction of the released funds to reduce rent to entrepreneurs. They also want to expand activities in the region for which an investment tax deduction can be used, and to introduce a tax on professional income in order to remove part of the burden from the self-employed.

As the Minister of Economic Development and External Relations of the Amur Region Lyudmila Starkova said at a press conference, the regional government also plans to expand the list of areas most affected by the pandemic and send it to the federal authorities.

The introduction of tax benefits is planned at the municipal level. They want to lower the coefficient K2 for a single tax on imputed income.

Now in the Amur Region there are new anti-crisis products provided by the state microfinance organization. Entrepreneurs can get loans at a reduced rate. The guarantee fund has been strengthened to provide business with collateral for loans from the banking segment and the state microfinance organization.

Entrepreneurs working in sectors affected by coronavirus will receive a deferral of three to six months for tax payments and tax reporting. In addition, entrepreneurs can obtain free of charge conclusions about force majeure due to coronavirus at the regional branch of the Chamber of Commerce and Industry. This will avoid fines, penalties and forfeits.
January 26: current information on coronavirus in the Far East
Digest of regional events and latest statistics