MIL OSI Translation. Region: Russian Federation –
Entrepreneurs were able to postpone the payment of fines totaling about 200 million rubles and use these funds to support their business and employees.
In June 2020, representatives of small and medium-sized businesses were able to extend the deadline for paying fines for property and land violations to 180 days. More than 900 entrepreneurs have benefited from this support measure in five months.
“Usually, the general term for the payment of an administrative fine is 60 days from the date the decision comes into force. During the pandemic, entrepreneurs were able to extend the deadlines for paying fines to 180 days. According to the resolutions of the State Real Estate Inspectorate of the city of Moscow, more than 900 small and medium-sized businesses took advantage of this measure, which were able to postpone the payment of fines totaling about 200 million rubles and use these funds to support their business and employees, “said the Deputy Mayor of Moscow for economic policy and property and land relations
This became possible thanks to the amendments made to the Code of Administrative Offenses of the Russian Federation.
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During the pandemic, Moscow’s business in the city adopted four packages of support measures totaling about 90 billion rubles. These measures cover 13 sectors of the economy and more than 45 thousand organizations, which employ a total of 770 thousand people. They relate to the cancellation of lease payments, deferral of advance payments, compensation for property tax and land payments, as well as assistance in lending and subsidizing small and medium-sized businesses, regardless of the type of activity. The anti-crisis packages included more than 20 financial instruments…
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