Analytics and brochures

It was approved today at the session of the Russian Government that individuals who stay in the Russian Federation from 90 days up to and including 182 days may recognise themselves as Russian tax residents in 2020 and, consequently, pay personal income tax at the rate of 13%, rather than the rate of 30% as established for non-residents. 

 Starting 15 July, organisations and entrepreneurs from “affected” industries and also socially-oriented not-for-profit organisations will be able to receive a subsidy of RUB 15.000 and on top of that RUB 6.5 for each employee for reimbursing expenses on the prevention of coronavirus.

Pepeliaev Group advises that on 2 July 2020 the Government, in its resolution No. 976, approved the rules for granting direct free-of-charge non-recurring financial aid from the government to individual categories of small and medium-sized enterprises and socially oriented non-commercial organisations for the recipients of subsidies to get a partial compensation for the costs on taking measures in 2020 to prevent the new coronavirus infection. 

The Government's Resolution No. 927 dated 26 June has added passenger transportation by rail (i.e. a long haul service), marine and inland water-borne transport to the list of sectors “affected” by the spread of the coronavirus infection.

We continue to monitor the news concerning the adoption of benefits in Russian regions with respect to property taxes for owners of real estate who are landlords. Please find below an overview table as at 29 June 2020.

As we previously advised, Russian lawmakers continue to adopt regulations aimed at clearly defining the circle of not-for-profit and religious organisations to which property can be transferred for no fee and when relevant costs can be deducted for profit tax purposes.