Pepeliaev Group advises that on 8 June 2020 the Russian President signed the new federal law No. 166-FZ on measures to ensure the stable development of the economy and to prevent the consequences of the spread of the coronavirus. Article 9 of the federal law contains provisions granting debtors to which the moratorium applies a court instalment plan in bankruptcy cases for the purpose of settlements with creditors.

The Russian Social Security Fund has explained how SMEs from the “affected” sectors and socially oriented not-for-profit organisations can obtain a deferral (an instalment plan) for the payment of contributions within the framework of compulsory insurance against accidents.  

As we informed earlier, on 2 June the Federation Council (the upper chamber of Russia's parliament) approved the Federal Law “On amendments to part two of the Tax Code of the Russian Federation” (published on 8 June - Federal Law No. 172-FZ dated 8 June 2020).

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. We are happy to note that the number of regions that have established benefits for regions has increased.

Resolution No. 792 of the Russian Government dated 30 May 2020 has been published whereby the deadline for individuals to submit reports concerning the movement of funds on foreign accounts (deposits) has been moved from 1 June to 1 December 2020.