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Tax Alert – Russia – Exemption From Certain Taxes and Insurance Premiums Due to the Coronavirus Pandemic

We have information regarding the exemption from taxes and insurance premiums payable for the second quarter of 2020. According to Federal Law of 08.06.2020 N 172-ФЗ “On Amendments to Part Two of the Tax Code of the Russian Federation”.

There will be zero tariffs for organisations and individual entrepreneurs for the following coverages in April, May and June due to the COVID-19 pandemic:

– Compulsory pension insurance
– Compulsory social insurance in case of temporary disability and connection with motherhood
– Compulsory health insurance

If you require any more information about the exemption and how it applies, please get in touch with a member of the team at info@impendulo.com

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