Measures proposed by the President of Russia to support business under counteracting the spread of COVID-19
The President of Russia have proposed the package of measures to overcome COVID-19 consequences.
The following measures are to support economy and business:
|Deferral of payments on all taxes except VAT up to 6 months.||Small, medium-sized and microenterprises|
|Deferral of payments on insurance premiums to social funds up to 6 months.||Microenterprises|
|Permanent reduction of insurance premiums rate from 30% to 15% for salaries in excess of the minimum wage. In case of maintaining a salary of less than the minimum wage, the insurance premiums rate remains at 30%.||Small and medium-sized enterprises|
|Deferral of payment on loans up to 6 months.||Small, medium-sized and microenterprises|
|Providing state guarantees and subsidies.||Enterprises of the real sector of economy|
|Moratorium on filing creditors' applications for bankruptcy of companies and collection of debts and fines within 6 months.||Companies in sectors most affected by the epidemic|
|Taxation of 13% of income (interest on investments) on bank deposits and investments with a total amount exceeding 1 million RUB.||Citizens of Russia|
|Increase of tax rate up to 15% on incomes transferred to foreign accounts.
Adjustment of double taxation agreements with foreign countries. Russia's unilateral withdrawal from agreements, in case of disagreement of foreign partners with such a proposal.
|Monitoring of the situation by the Government of the Russian Federation in order to determine the need to expand and adjust the list of industries in need of support.|
In addition, the Government of the Russian Federation is considering the possibility of implementing a collateral-free lending to small businesses through Sberbank and VTB with subsidized rates of up to 0%. This measure involves the repayment of borrowed funds within 6 months.