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The procedure for providing subsidies to business approved by the government

The procedure for providing subsidies to business approved by the government
Photo: pixabay.com

The rules for providing subsidies to small and medium-sized businesses have been approved by the Russian government. They will be valid for enterprises from the areas most affected by coronavirus.

As noted in decree Governments will provide a subsidy to partially compensate for business expenses, including for the preservation of employment and remuneration of workers in April and May of this year. The document has already entered into force. 

Payments will be received only by companies from the register formed by the Federal Tax Service. To get into it, a company or entrepreneur needs to file an application in electronic form. At the same time, business should not be in the process of liquidation or bankruptcy proceedings, tax and insurance debt should not exceed three thousand rubles, and the number of employees in March should be at least 90% of the state.

The amount of the subsidy will be the product of the minimum wage as of January 1, 2020 (12 rubles) and the number of employees in March in relation to organizations. For individual entrepreneurs, the number of employees will increase by one.

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