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Tax deferment will be given to tourism and air travel in Russia

Tax deferment will be given to tourism and air travel in Russia

Companies involved in air travel and tourism will receive a deferral of tax collection. In the future, this measure can be extended to other sectors and enterprises affected by the coronavirus epidemic.

The head of the Cabinet of Ministers Mikhail Mishustin announced the granting of tax deferment at an operational meeting with deputy prime ministers. He said that the federal authorities will support sectors that find themselves in a difficult situation due to the coronavirus epidemic.

According to him, the segment of small and medium enterprises will also receive support. They will be provided with access to loans "at reasonable interest rates." To do this, Mishustin proposed expanding the existing concessional lending programs, removing restrictions as much as possible and increasing the amount of subsidies provided.

Earlier, representatives of the Association of Russian Tour Operators (ATOR) asked the Ministry of Transport of the Russian Federation to oblige airlines to return 100% airfare to countries where coronavirus is common. Bank of Russia said it was ready introduce relief for workers in the field of tourism and transport.

In February, the Association of Tour Operators reported possible industry losses due to an outbreak of coronavirus. Income of inbound tourism in February and March may amount to about 2,8 billion rubles. The head of the Federal Tourism Agency Zarina Doguzova suggested taking measures as a measure deferral of payments to the Turpomosch fund and cancel the contributions this year.

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