Russia Adds Retailers, Car Dealers to Virus-Related Tax Relief

The Russian government is allowing retailers and car dealers to get a tax break granted to economic sectors hit hardest by the coronavirus outbreak.

The government’s Decree No. 540, published Monday, added retail trade businesses and car dealerships to the list of sectors eligible for an extension on tax payment and filing deadlines.

• Russian President Vladimir Putin previously ordered the government to compile a list of the sectors worst hit by the Covid-19 pandemic that should receive the tax relief. This list includes the airline industry as well as the hospitality, tourism, entertainment, and sports sectors.
• The federal government in April extended payment deadlines for corporate profit, property, land, and transportation taxes by six months and deadlines for filing tax returns by three months.

Check out Bloomberg Tax’s country-by-country roadmaps covering direct and indirect tax developments.