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Exemption from taxes and contributions for the second quarter

Exemption from taxes and contributions for the second quarter

LEGAL DIGEST, NEWS \ 28.05.2020

The State Duma of the Russian Federation has approved an administration bill that will exempt companies from paying taxes (except for VAT) and insurance premiums for the second quarter of 2020.

This measure will be applied to the companies that:

  • are included in the Unified register of small and medium-sized business entities according to tax reporting data for 2018. It will be possible to submit information for the specified period not later than June 30 of the current year.
  • and carry out activities in the most affected branches of the economy according to the List approved by the Decree of the Government of the Russian Federation No. 434 dated 3/4/2020.

If you have already submitted this information to the Federal Tax Service before April 1, 2020, then your company should already be included in the Register.

It should be noted that the provisions of the administration bill do not cancel the obligation to draw up tax reporting for the second quarter. This means that the company submits tax declarations indicating the amount of calculated tax to the Federal Tax Service under the normal procedure, but it is not necessary to transfer the tax itself to the budget of the Russian Federation. Instead of this, the supervisory authorities will automatically notify the company that the obligation to pay tax is no longer with it.  

Among other mandatory payments, companies are exempt from paying profits tax, for which the following payments do not need to be transferred to the budget:

– monthly advance payment to be paid in the second quarter of the current year;

– advance payment for the reporting periods of 4 months, 5 months and 6 months of 2020, minus previously accrued advance payments for the reporting period of 3 months;

– advance payment for the first half of 2020, minus previously accrued amounts of advance payments for the first quarter.

In addition to the above, taxes (with the exception of VAT) for which the state grants a deferral in accordance with the Decree of the Government of the Russian Federation No. 409 dated 2/4/2020 are not subject to transfer to the budget. A detailed list of such taxes may be found in the table.

As measures of state support for SMEs, it is planned to set a tariff of 0% for payments of insurance premiums payable to individuals for the period from April to June. This tariff is applied to contributions for all types of insurance – pension, medical and social. It is applied to payments both within and above the limit base for insurance premiums. Which means that there is no need to pay contributions for the second quarter either. 

In order to determine whether your company is exempt from paying taxes and insurance premiums, you can contact our specialists for advice.

List of the exempt from mandatory payments

Mandatory paymentWhat is not necessary to transfer
ExcisesTax for April, May, June 2020
Water taxTax for the second quarter of 2020
Mineral Extraction TaxesTax for April, May, June 2020
  Unified agricultural taxAdvance payment for the half year of 2020
Simplified Taxation SystemAdvance payment for the half year of 2020, reduced by the advance payment for the first quarter of 2020
Unified Tax on Imputed IncomeTax for the second quarter of 2020
Transport taxTax and advance payments for the period from April 1 to June 30, 2020 for those objects that are used (intended for use) in business or statutory activities
Land taxTax and advance payments for the period from April 1 to June 30, 2020 for those objects that are used (intended for use) in business or statutory activities
Tax on the assets of organizationsTax and advance payments for the period from April 1 to June 30, 2020 inclusively
Individual property taxTax for the period from April 1 to June 30, 2020 for those objects that are used (intended for use) in business activities
Personal income tax paid by individual entrepreneurs, lawyers, notaries, etc.Advance payment for the first half of 2020, reduced by the advance payment for the first quarter of 2020
Sales taxTax for the second quarter of 2020
Patent System of Taxation When calculating the tax payable in 2020, it is suggested that the calendar days of the patent’s effect, which fall on April, May, and June 2020, should not be taken into account.

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