Support for the economy: the Government is preparing measures
Now the Russian Government has official powers to extend and suspend deadlines provided for by tax legislation for the purposes of ensuring stability in the work of the taxpayers.
Resolution No. 409 of the Russian Government dated 2 April 2020 “On measures to ensure the sustainable development of the economy” (the “Resolution”) was prepared within the framework of these powers.
Please find below the principal provisions of this document. Please note that the final text of the Resolution differs from the draft previously published.
1. Suspension or extension of deadlines for taxpayers (payers of insurance contributions, and insurers)[1]
|
Deadline
|
Deadline
| |
|
Suspension of actions connected with carrying out control measures |
until 31 May 2020 inclusive |
|
|
An extension of deadlines for taxpayers and/or the tax authorities for performing certain actions |
by 3 months |
Provision
|
|
before 15 May 2020 |
Submitting VAT tax returns and calculations with respect to insurance contributions for quarter 1, 2020. | |
|
by 20 business days |
Preparation of responses to demands of the tax authorities and the Russian Social Security Fund received within the timeframe from 1 March until 31 May 2020 | |
|
by 10 business days |
Provision of documents (information) within the framework of a desk tax audit of VAT tax returns when such demands are received from 1 March until 31 May 2020 inclusive | |
|
for 6 months |
Maximum deadlines for the tax authority to send demands for the payment of taxes, levies, insurance contributions, penalties, fines, interest and for decisions to be made concerning the collection of the above amounts
|
2. Amendment of the payment deadline for small and medium-sized businesses[5] in the worst affected sectors of economy
|
Tax (reporting)
|
Tax type |
Amendment of payment deadlines |
|
|
profit tax, tax paid using the simplified taxation system, or unified agricultural tax |
has been extended by 6 months |
|
personal income tax paid by an individual entrepreneur based on the results of filing a tax return (article 227(6) of the Tax Code) |
has been extended by 3 months | |
|
March and quarter 1, 2020 |
all taxes (advance payments), excluding VAT, professional income tax, taxes paid when acting as a tax agent |
has been extended by 6 months |
|
quarter 2, 2020 and the first six months of 2020 |
has been extended by 4 months | |
|
quarter 1, 2020 |
|
not later than 30 October 2020 |
|
quarter 2, 2020 |
not later than 30 December 2020 |
3. Additional support of micro-business with regard to payment of insurance contributions
|
Period for the calculation of
|
Amendment of payment deadlines |
|
March-May 2020 |
has been extended by 6 months |
|
June-July 2020 |
has been extended by 4 months |
The deadline for payment of insurance contributions to be paid for 2019 from an amount of income exceeding RUB 300,000 has also been extended by 4 months for individual entrepreneurs
_________________________
[1] The Resolution provides for the same measures for both taxes and insurance contributions, as well as for insurance against industrial accidents and occupational diseases provided for by the Federal Law “On mandatory social insurance against industrial accidents and occupational diseases”
[2] Audits commenced before 1 March 2020 can be continued if during these audits offences have been identified whose limitation period for liability to be imposed expires before 1 June 2020. In this case the audits and administrative proceedings can continue to be carried out only with regard to such offences.
[3] The Resolution divides the deadlines for the provision (filing) of the tax return (calculation) and deadlines for the payment of tax: extension of payment deadlines does not influence the deadlines for the filing of tax returns (reports) and vice versa.
[4] To the extent established by clause 18 of the Regulation for requesting information from one’s own clients within the framework of the implementation of the international exchange of financial information (approved by Resolution No. 693 of the Russian Government dated 16 June 2018).
[5] Enterprises included in the register of small and medium-sized businesses as at 1 March 2020.
[6] If the corresponding regional regulations provide for advance payments to be made.