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Putin signs law on tax benefits at time of coronavirus spread

13:59 22/04/2020

MOSCOW, April 22 (RAPSI) – Russian President Vladimir Putin has signed amendments to the Tax Code stipulating support measures for citizens, healthcare staff and businesses over the coronavirus pandemic into law, according to the official website of legal information.

Thus, under the law, payments to doctors and medical staff engaged in care of coronavirus-infected patients will not be subjected to the personal income tax.

Among the amendments presented by the government was that freeing compensations paid to the doctors and medical staff, who combat the spread of the coronavirus disease, which had been developed according to the instructions given by the President, Chair of the government Mikhail Mishustin said earlier.

Moreover, the law envisages tax remissions for organizations purchasing individual safety gears and coronavirus tests. So, the expenses of organizations for the purchase of personal protective equipment, testing systems and medical equipment for the diagnosis and treatment of coronaviruses will be attributed to expenses in calculating income tax. Despite the fact that such expenses are not relevant for most enterprises, they will not be considered as tax bases for income tax.

The amendments are to lower taxpayer expenses.

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Putin signs law on tax benefits at time of coronavirus spread

13:59 22/04/2020 Russian President Vladimir Putin has signed amendments to the Tax Code stipulating support measures for citizens, healthcare staff and businesses over the coronavirus pandemic into law.
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