Russian Cabinet approves support measures for businesses suffering from coronavirus crisis
MOSCOW, April 6 (RAPSI) - The Government of Russia on Monday approved support measures for companies and individual entrepreneurs involved in businesses worst-hit due to the coronavirus crisis, according to a statement published on the Cabinet’s website.
Thus, deadlines for tax declarations and calculations which are to be submitted in March through May are to be extended for three months. Terms for submission of documents, reports and explanations are to be prolonged for 20 working days, while tax residence terms for three months. Terms for submission of requirements to pay taxes, collection of premiums are to be extended for six moths.
Tax, exchange checks are to be conducted starting June 1. A procedure for granting tax and insurance indulgences is to be simplified for up to a year.
Small and medium-sized entrepreneurship are to be subject to the extension of terms of tax and insurance payments for up to six months.
Earlier, the Cabinet of Ministers approved a list of industries mostly suffering from the pandemic. In particular, it includes food service, air carriage, hotel and touristic business, health and fitness.