Every fifth Russian company has nothing to pay taxes with

Every fifth Russian company has nothing to pay taxes with
Every fifth Russian company has nothing to pay taxes with
28 October 2020, 17:24EconomyPhoto: polit74.ru
Due to serious financial difficulties, 19% of Russian companies will not be able to pay taxes. Business will go bankrupt without help from the state.

This is reported by Vedomosti, referring to the Center for Strategic Research (CSR).

In October, experts noted a slowdown in the recovery trend of the economy. This was to be expected: the duration of the deferred payments on loans and taxes has ended, and business is faced with a reality in which now it is necessary not only to adapt to the new reality "between the waves of the pandemic", but also to the need to pay taxes - both for current and for past periods. Moreover, there will obviously be no new support measures.

Recall that earlier for small and medium-sized enterprises (SMEs) from April 1 for an indefinite period, reduced insurance premium rates were set at 15%, and businesses from the affected industries were exempted from paying taxes and fees for the second quarter of 2020.

- With regard to tax payments for which an extension of payment deadlines was granted, the government decree regulating this measure provides for the possibility to pay such taxes and fees in equal installments throughout the year. The measures taken should help to reduce the risks of non-payment, the Ministry of Finance recalled.

But if in the summer the economy still managed to somehow shake it up, now the SMEs suffered a new crisis.

“According to our estimates, among companies with a turnover of one billion rubles or more, the share of those who in the near future will face the impossibility of paying taxes is much more than 19%, which the CSR is talking about”, - said Vladimir Saskov, an expert at the Institute of Tax Management and Real Estate Economics at the Higher School of Economics.

According to Sergei Gebel, a member of the general council of Delovaya Rossiya, companies have two options:

- Legal - for example, getting a deferral or installment plan for the payment of taxes, or economic - loans, credits, investments or sale of a business to stronger and more stable players.

Let us recall that the public ombudsman in the field of small and medium-sized enterprises (SMEs) Anastasia Tatulova applied to the government with a proposal to return the taxes paid by him last year to small and medium-sized businesses from the most affected sectors of the economy. According to her, the state of affairs for businessmen remains very difficult.

The Ombudsman also suggested extending the moratorium on inspections. In her opinion, business has performed even better this year without inspections than with inspections. According to the Ombudsman, oversight agencies should conduct more training seminars for entrepreneurs, and not maliciously fine violators.

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