Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

Restaurateurs can completely cancel VAT

Restaurateurs can completely cancel VAT
Photo: pixabay.com

Moscow authorities have applied to the Russian government with a proposal to abolish VAT for public catering establishments. Such measures will help businessmen to get out of the shadows and survive during the crisis.

As they write "Ведомости”, The proposals include either a complete cancellation or reduction of VAT for representatives of the restaurant business, which is among the most affected by the coronavirus pandemic. Such measures can reduce the burden on the industry, help to overcome the difficult period of the pandemic associated with restrictions on business.

According to Deputy Mayor for Economic Policy and Property and Land Relations Vladimir Yefimov, this initiative has already been supported by the Ministry of Economic Development. In addition to the consequences of 2020, in 2021 the industry will have to face new difficulties: restrictions on coronavirus have not yet been completely lifted, which means that restaurateurs are unlikely to be able to recover to pre-crisis levels.

According to the consulting company JLL, 208 cafes and restaurants closed in the center of Moscow last year. But, as the President of the Federation of Restaurateurs and Hoteliers of Russia Igor Bukharov notes, in fact, this figure is much higher. According to him, about 40% of entrepreneurs lost business in this area, and about 2020% of restaurateurs and hoteliers received losses in 90.

March 2: current information on coronavirus in the Far East
Digest of regional events and latest statistics