At present, the COVID-19 is raging all over the world, which will seriously impact the safety of human beings and the development of economy and society. While introducing active anti measures, Russia also launched a stronger tax support bill.
Deferred declaration and payment of income tax: (1) From April 1, 2020, companies in the tourism and air transport industry will delay the payment of taxes. (2) For companies listed in the SME register and on the list of affected industries, in addition to value-added tax, national action plan, personal income tax paid through tax agents, income tax in 2019, STS, CES, income tax in March 2020 and tax payment period in the first quarter are extended by 6 months. In addition to VAT and individual firms, the tax period in the first half of 2020 (second quarter) will be extended by four months.
To delay the declaration of social security and reduce the insurance cost: for the micro enterprises in the industry’s most seriously affected by the COVID-19, the payment period of insurance premium from March to May 2020 will be extended by 6 months, and that from June to July 2020 will be extended by 4 months. For the insurance premium required to be paid if the personal income exceeds 300000 rubles before July 1, 2020, the payment period shall be extended by 4 months.
Other types of tax delayed declaration and payment: (1) For the companies listed in the SME register and on the list of affected industries, the payment period of transportation tax, corporate property tax and land tax (where there is prepaid tax) in the first quarter of 2020 shall be extended to October 30, 2020. Extend the payment period of transportation tax, corporate property tax and land tax (where there is advance tax) in the second quarter of 2020 to December 30, 2020. The tax payment period of individual income tax in 2019 will be extended for 3 months in accordance with Article 227 (Paragraph 6) of the intellectual property law. (2) For small businesses and individual businesses not yet included in the most seriously affected industries, the deadline for advance payment of transportation tax, corporate property tax and land tax in the first quarter of 2020 will be extended to July 30, 2020, and the payment period of transportation tax, corporate property tax and land tax in the second quarter of 2020 will be extended to October 30, 2020. The tax payment period of individual income tax in 2019 will be extended for 3 months in accordance with Article 227 (Paragraph 6) of the intellectual property law.
The import duty-free policy is implemented for some residents' daily necessities: (1) From March 1 to June 30, 2020, the import of vegetables, rye, rice, buckwheat, fruit juice, baby food and their raw materials will be exempted from import duties. (2) From March 1 to September 30, 2020, personal protective equipment, disinfectants, their production materials, laboratory reagents, vaccines, drugs, medical refrigerated cabinets, medical containers, heat preservation bags and other medical devices will be exempted from import duties.
Reduce the rate of personal income tax on wages and salaries: from April 1, 2020, it is allowed to postpone the payment of micro enterprise insurance premium. For the units and individual businesses that have been included in the unified register of small and medium-sized enterprises, the total amount of insurance premium for the part of employees' wages exceeding the minimum wage standard will be reduced from 30% to 15%, and the duration of the preferential policy has not been determined for the time being.
（Resource Document-issuing agency：Jiangsu Provincial Tax Service, State Taxation Administration、Published date：2020-05-13 10:28 Preferential Tax Policies in Russia During The COVID-19 period、Wolters Kluwer Global Daily Tax News Published date：2020-04-15 Russia Announces COVID-19 Tax Concessions）
