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Tax collection in Russia is reduced by a third

Tax collection in Russia is reduced by a third
Photo: pixabay.com

Tax indicators in April fell on average by a third. The largest drop was in the mineral extraction tax, personal income tax fell by 14%. This was stated by the Deputy Head of the Federal Tax Service of the Russian Federation Daniil Egorov at a meeting with the President on the implementation of measures to support the economy and social sphere.

Speaking about the retail market, Egorov said that 36% of companies stopped working in this area, and revenue fell by a quarter. Fuel consumption at gas stations has now decreased by almost 90% compared with the period before the introduction of restrictive measures.

All Russian companies, and this is 7,7 million, have been given a deferral to submit tax returns, all inspections have been suspended, a moratorium on bankruptcy has been introduced, and collection procedures have been turned off. Egorov noted that a quarter of all enterprises and individual entrepreneurs in the country were included in the list of affected industries.

Representatives of small and medium-sized businesses in Russia received tax deferral in the amount of 217 billion rubles. Such data during a meeting with the head of state was announced by the Minister of Economy Maxim Reshetnikov.

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