Russia Publishes Amendments to Various Tax Provisions

On 15 October 2020, Russia published amendment laws in the Official Gazette providing changes to various tax provisions.

VAT Exemption for Bankrupt Entities and COVID-19 Relief for SMEs

One of the main laws is Federal Law 320-FZ, which includes changes regarding COVID-19 relief for SMEs and the VAT exemption for entities that have entered into bankruptcy.

With respect to the VAT exemption for bankrupt entities, the exemption was originally provided on the sale of assets property rights o…