One out of ten will be unemployed: Putin and Mishstin's help from the devastation will come to the wrong people

One out of ten will be unemployed: Putin and Mishstin's help from the devastation will come to the wrong people

- I can give you a good example. Two days ago a letter from the Federal Tax Service was published. According to it, inspections are instructed to suspend the application of penalties until May 1, 2020. In addition until this date, no decision will be taken on the suspension of account transactions as a security measure in the collection of taxes, fees, etc.," says Mikhail Begunov, Managing Partner of TAX Compliance law firm. - These measures apply to the small and medium business segment. Such measures, including tax holidays, are aimed at preserving the solvency of business during the crisis.

Of course, this will not compensate for all losses, but will help prevent mass bankruptcy of small companies. For example, as for shopping malls: I think the new tax measures will partially offset the negative effect of quarantine measures, but it is impossible to estimate the total losses at the moment.

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Mikhail Begunov

Major specialisations

Pharmaceuticals, FMCG, Information technology, Manufacturing companies

Member of the Chamber of Tax Consultants, Lawyer at the Moscow Chamber of Advocates

Biography