Windfall tax for major companies to be introduced in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 28.04.2020

Decision of the Government of the Russian Federation No. 570 of April 24, 2020: the RF Government clarified the rules for granting a deferment (installment plan) for payment of taxes and fees. According to the amendments, small and medium-sized businesses related to the affected sectors of the economy, along with micro-businesses, will be able to suspend insurance payments to the governmental extra-budgetary funds

Order of the Government of the Russian Federation No. 1127-r of April 24, 2020: up to 6 billion roubles will be allocated from the RF Government reserve fund for paying compensation to banks issuing preferential mortgage loans

Decision of the Government of the Russian Federation No. 582 of April 24, 2020 on approval of the Rules for providing subsidies from the federal budget to Russian credit organisations for reimbursement of shortfalls in their income on loans issued in 2020 to system-forming organisations for working capital replenishment

Order of the Government of the Russian Federation No. 1134-r of April 24, 2020: 24 billion roubles will be allocated from the reserve fund of the Government to compensate banks for lost revenue on preferential loans issued in 2020 to system-forming organisations to replenish working capital. The total volume of such loans should be up to 400 billion roubles

Decision of the Government of the Russian Federation No. 583 of April 25, 2020 on approval of the Rules for providing in 2020 subsidies from the federal budget to tour operators for reimbursement of expenses incurred in implementation of activities related to restrictions caused by the spread of the new coronavirus infection

Order of the Government of the Russian Federation No. 1130-r of April 24, 2020: the RF Government has adjusted the lists of re-profiled medical organisations for fighting against the coronavirus. New facilities are included

Order of the Government of the Russian Federation No. 1131-r of April 24, 2020: the Government has approved the list of medical organisations where almost 5 thousand new places for treatment of patients with COVID-19 will be created if necessary

Decision of the Government of the Russian Federation No. 575 of April 24, 2020 on amending certain acts of the Government of the Russian Federation: n interest-free loans for paying salaries are available to organisations and individual businessmen ex affected sectors (not only to small and medium-sized businesses)

Information of the Federal Tax Service of April 27, 2020: another 10 regions provided anti-crisis measures of maintenance to organisations that own taxable property

Decision of the Government of the Russian Federation No. 576 of April 24, 2020 on approval of the Rules for providing in 2020 the federal budgetary subsidies to small and medium-sized businesses operating in the sectors of the Russian economy that were most affected by the deterioration of the situation as a result of the spread of the new coronavirus infection

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