Emergency measures taken by government authorities in the face of the rapid spread of the novel coronavirus infection have had a tremendous impact on commercial activities.
Government Measures to Support Business in Russia Amid the COVID-19 Pandemic
Due to the fact that the spread of the COVID-19 infection has a significant impact on small and medium-sized businesses, the federal authorities have taken a number of measures to support entrepreneurship during the period of self-isolation.
Tougher Administrative and Criminal Liability Amid the COVID-19 Pandemic
In order to strengthen administrative and criminal liability, a number of articles of the Code of Administrative Offences of the Russian Federation and the Criminal Code of the Russian Federation have been amended with regard to violation of established rules in the field of ensuring sanitary and epidemiological welfare of the public.
Deposit interest tax
Starting January 1, 2021, income from bank deposits exceeding 1 million rubles will be taxed at a rate of 13 percent.