Windfall tax for major companies to be introduced in Russia

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14.01.2021
ACCORDING TO LAW NO. 223-FZ, CUSTOMERS WILL BE PUNISHED FOR VIOLATION OF THE ESTABLISHED PAYMENT DEADLINE UNDER CONTRACTS CONCLUDED WITH SMES

 In accordance with a new part 9 of Article 7.32.3 of the Code of Administrative Offences of the Russian Federation, fines shall be introduced for violation by the customer of the established deadline for payment for goods, works or services under an agreement concluded following purchases with small and medium enterprises. Officials of customers or legal entities will be punished with a fine.

 

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