Tax deferment law

article 06/04/2020

On March 31, 2020, the State Duma of the RF adopted the Law, according to which the Government of the RF is vested with a right for 2020 to suspend, cancel or defer tax inspections to a later date, extend the due dates for tax payments, including on special tax regimes, as well as extend the due dates for advance payments on transport and land taxes, property tax of organizations introduced by regional and municipal authorities.

In addition, the Government is granted authority to extend the due dates for filing of tax returns and financial accounts, requirements for paying taxes, fees, insurance payments, fines, penalties, as well as the decision lead time to recover taxes, fines and penalties.

The authorities of the constituent territories of the RF got the opportunity throughout the whole year 2020, beginning from January 1, to extend the due dates for paying of unified agricultural tax, unified tax on imputed income, payments on patents, as well as payments within the simplified tax system.

How the Government of the RF and regional authorities will implement in practice the rights granted by this Law, we will find out in the very near future.