Russia Offers More Tax Relief to Ease Impact of Coronavirus

Russia is providing tax breaks to support social workers and small businesses in the wake of the coronavirus pandemic.

Incentive payments to social workers shouldering additional workloads due to the pandemic will be exempt from personal income tax, Prime Minister Mikhail Mishustin said.

In addition, debt that is canceled or forgiven on concessional loans granted to medium and small businesses for the purpose of supporting employment won’t be taxable, he said.

Donations to medical institutions or nongovernmental organizations for the diagnosis and treatment of a new coronavirus ...