On 17 March 2020, the Ministry of Finance (MoF) of Russia announced several tax measures in response to the COVID-19 pandemic. The key tax measures are following:
- Extended tax payments deadline to 3 months for enterprises of tourism and aviation sectors and it further applied to construction, leisure, entertainment sectors.
- Extended social security contributions payment up to 3 months for micro enterprises (employees fewer than 15);
- Moratorium for tax audits for small and medium-sized enterprises (SME) and a 3 month moratorium for launch of new bankruptcy proceedings in respect to persons with indebtedness before the budget. The moratorium will apply until 1 January 2021 to SMEs and for large enterprises, tax audits will be limited to 30% until 1 May 2020. The moratorium will apply until 1 January 2021 to SMEs and for large enterprises, tax audits will be limited to 30% until 1 May 2020;
- Dividend payment deferral of up to 6 months for state-owned companies; and
- Zero rated import duties applicable to certain socially significant goods determined by the government.
