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List of business sectors and consequent measures due to COVID-19 in Russia | News Flash

14 Apr 2020

On March 25, 2020 the Russian president Vladimir Putin made an official announcement and clarified some of the measures to support businesses. Those initiatives required additional procedures and practical measures to be worked out by the Russian Government. On April 3, 2020 the Russian Government has approved and published a list of business sectors being mostly affected by the spread of COVID-19.

The list includes nine sectors:

  1. air transportation, airport operations, road transportation;
  2. culture, leisure and entertainment;
  3. fitness, health recreation and sports;
  4. tourist agencies and other tourism-related businesses;
  5. hospitality;
  6. public catering;
  7. extended education and non-state educational institutions;
  8. organization of conferences and expositions;
  9. personal services (repair & maintenance, laundry, cleaning, hair & beauty salons).

These sectors are expected to receive the priority assistance from the state. The support measures include the following:

  • a deferral of all the tax payments (except VAT) for six months;
  • a six-month deferral of the social contribution payments to the Social Funds for micro-businesses;
  • a six-month bank loans prolongation for small and medium enterprises;
  • additional measures aimed to support provision of bank loans for the real sector, including subsidies and state guarantees;
  • a six-month moratorium on creditor applications for bankruptcy of companies and collection of debts;
  • a deferral on payments for commercial lease of Federal property granted for small and medium enterprises;
  • ensuring provision of bank loans for small and medium enterprises at the reduced rates up to 8,5%;
  • a moratorium on different type of controls and planned inspections.
Contact us to get more information!

2021 Company formation in Russia

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The trend of preferring payroll outsourcing will keep rising through the pandemic and beyond | Russia

on 21 May 2020, in News Flash, Other industries, Payroll, HR and Labour Law, Russia
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COVID-19: New measures to support businesses in Russia – May 2020 | News Flash

on 18 May 2020, in Accounting and finance, COVID, Legal and corporate, News Flash, Other industries, Payroll, HR and Labour Law, Russia, Taxation
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COVID-19: New measures to support businesses in Russia | News Flash

on 27 April 2020, in Accounting and finance, COVID, Legal and corporate, News Flash, Other industries, Payroll, HR and Labour Law, Russia, Taxation
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Changes to the Double Tax Treaty of Russia and Cyprus in response to the Covid-19 pandemic | News Flash

on 06 April 2020, in COVID, Local news, News Flash, Other industries, Russia, Taxation
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COVID-19: Anti-crisis measures to support businesses in Russia | News Flash

on 31 March 2020, in COVID, News Flash, Other industries, Payroll, HR and Labour Law, Russia, Taxation
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2020 Statutory reporting schedule | Russia

on 26 March 2020, in Accounting and finance, Calendars, Other industries, Russia
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2020 Calendar of Bank Holidays | Russia

on 12 March 2020, in Accounting and finance, Calendars, International transactions, Legal and corporate, Other industries, Payroll, HR and Labour Law, Russia, Taxation
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About Accace

Originally established in Central and Eastern Europe in 2006, Accace ranks among the leading outsourcing and consultancy providers in the region. Engaging over 600 experts, we have vast experience with handling small to large scale, multi-country outsourcing projects and providing a comprehensive range of our services to over 2,000 customers.

About Accace Circle

Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience. Covering almost 40 jurisdictions with over 2,000 professionals, we support more than 10,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 170,000 pay slips globally.

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