Regions of the Russian Federation has predicted billions of dollars in losses because of the tax write-off

the Subjects of the Russian Federation will miss 40.5 billion rubles for the second quarter because of the remission of taxes to the business sectors most affected by the pandemic coronavirus infection COVID-19. Such calculations made by analysts REU them. G. V. Plekhanov specifically for the newspaper “Izvestia”.

thus, according to experts, heaviest percentage affected the revenues of the budgets of the Volgograd and Astrakhan areas, and also Sevastopol, and in monetary terms the largest losses in Moscow, Moscow oblast and St. Petersburg.

moreover, analysts predict that by the end of the year because of the situation with COVID-19 regional budgets will lose about half a trillion rubles.

Earlier, Russian President Vladimir Putin instructed by June 1, 2020, deduct taxes (except VAT) and insurance premiums for the second quarter for certain categories of enterprises. We are talking about socially oriented NGOs, as well as small and medium-sized firms affected by the coronavirus industries. Such admitted air transportation, tourism, culture, health activities, hospitality, catering, further education, domestic services, zoos, non-food retail and the media.

Recall that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Wave of devaluation held from 7 to 9 March and 18 March.

Reacting to the situation, the government and the Bank of Russia has prepared a plan of priority measures for the sustainable development of the economy. As explained by Prime Minister Mikhail Mishustin, “it’s kind of the anti-crisis plan, a set of operational activities that are necessary for stable socio-economic development”. “We Concentriruma on the support industries that were in a difficult situation, but primarily on the support of the people and providing them with goods of first necessity”, — stressed the head of the Cabinet of Ministers.

In particular, it has been announced vacation credit for small and medium business and people who find themselves in a difficult situation, promised financial assistance to affected industries, provided soft loans, including the payment of salaries, reduced employers ‘ social security contributions, given the postponement of rent and tax payments, excluding VAT, imposed a moratorium on bankruptcy.

Later, it was adopted a second package of economic support measures (soft loans for working capital for strategic enterprises, non-repayable financial assistance to small and medium businesses, including on the issue of salaries and financial assistance to regions and airlines).

for its part, the Central Bank has approved measures to support citizens, the economy and the financial sector in a pandemic COVID-19, and then supplemented them with new packages.

may 11, Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19. He also announced the beginning of implementation of the third package of anti-crisis measures, under which the state, in particular, will increase targeted support for families with children, small businesses, individual entrepreneurs and self-employed. In addition, Putin instructed the government to prepare a national plan for long-term development of the economy, the recovery in employment and incomes.

on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimed at combating the impact of the pandemic coronavirus has reached 3.3 trillion rubles.

2 Jun Mishustin has presented to Putin a national plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will be about 5 trillion rubles.

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