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UTII in Russia will not be extended
The validity period of the single tax on imputed income will not be extended for 2021. The proposal to extend UTII for next year was the initiative of the Ministry of Finance as part of a plan to combat COVID-19.
This is reported "News" with reference to the Ministry of Finance of the Russian Federation. This tax regime can be used by entrepreneurs engaged in, among others, catering and retail. They pay tax on the fixed income imputed to them; real income does not matter. The UTII expires on January 1, 2021.
At the end of 2019, the State Duma proposed the Russian government to extend the single tax on imputed income for small and medium-sized enterprises in the Far East and the Arctic Until 2024 year.