We continue to monitor the measures taken owing to the current epidemiological situation. In this letter we present the main innovations in terms of the timing of financial and tax reporting.
On April 2, 2020, the Russian Government issued Decree No. 409 «On measures, ensuring the sustainable development of the economy». The decree provides some measures to support businesses, but most of the measures apply to small and medium-sized businesses in the sectors most affected by the epidemiological situation.
One of the measures provided for supporting businesses is to postpone the deadline for submitting financial statements, as well as the deadline for paying certain taxes.