The preferences for small and medium businesses related to Covid-19 also apply to lending. As Stanislav Golotvin explains, such enterprises will be granted a six-month grace period on loans and will be able to receive loans at a lower rate - no more than 8.5%. And additional measures to ensure sustainable lending should include, amongst other things, government guarantees and subsidies.
"This measure will make it possible to ensure the performance of obligations, such as the salaries payment, in the presence of "cash gaps" due to a decrease in demand, revenue or the presentation of deferred payments to customers of goods, works or services," - explains the lawyer and managing partner of Tax Compliance Mikhail Begunov.
"This measure will make it possible to ensure the performance of obligations, such as the salary payment, in the presence of "cash gaps" due to a decrease in demand, revenue or the presentation of deferred payments to customers of goods, works or services," - explains the lawyer and managing partner of Tax Compliance Mikhail Begunov.
He says that another measure to support small and medium businesses will be the deferral of rent payments on state and municipal property for up to three months - it will be valid starting in March. Among other things, this deferral is planned to provide residents of private facilities to maintain their competitiveness.
Finally, the companies will not be subject to administrative liability in the form of fines until the end of 2020, and the current fines allow deferred payments. There is also a moratorium on control purchases, scheduled and unscheduled inspections.
