Duma passes in 1st reading fiscal aid bill for industries, people - Politics & Economy - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Duma passes in 1st reading fiscal aid bill for industries, people

MOSCOW, May 21 (PRIME) -- The State Duma, parliament's lower chamber, passed in the first reading on Thursday a bill on tax measures supporting the people, companies and social non-commercial organizations (NCO) amid the pandemic.  

The measures include a full refund of self-employed people tax paid for 2019, payroll tax refunds in the affected industries for 2020 amounting to the minimum wage; written-off debt and interest taken in 2020 for employment support will not be considered income and will not be taxable.  

Small, medium business and self-employed people are spared from taxes and advanced tax payments, except for value-added tax (VAT) and the payroll tax for April–June. 

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21.05.2020 14:19
 
 
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