Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Quarters of Russian Shopping Centers Threatened with Closure
14.07.2020 17:29
Quarters of Russian Shopping Centers Threatened with Closure

A quarter of Russian shopping centers may close if the state does not provide them with tax subsidies, RBC reports citing the Russian Council of Shopping Centers (RSTC). The organization said that in 2020 Russian shopping centers will have to pay 52 billion rubles of value added tax, 24 billion rubles of property tax, 15 billion rubles of income tax and 4 billion rubles of a single social tax.

      At the same time, the number of visitors to the shopping center fell sharply, and their economic condition continues to deteriorate. “There are virtually no revenues, sales have yet to recover. The industry did not receive any subsidies from the state or compensation for the shortfall in rental income,” Oleg Wojciechowski, Managing Director of RSTC said.

      The organization appealed to the Government of the Russian Federation, the Ministry of Finance and the Ministry of Economic Development with a request to introduce a number of support measures, including the allocation of subsidies and the provision of tax benefits and deferrals. “The implementation of these measures will ensure the recovery of the industry, minimize defaults and, as a result, maintain the ability to pay taxes in the future in full,” the RSTC emphasized.

Author: Anna Dorozhkina

Tags: Russian business coronavirus    

Next Previous

You might also find interesting:

Ruble Lost One-sixth of its Value in a Year
Visa: Almost 40% of SMEs Plan to Continue Working Remotely
Catering Companies Change their Business due to the Pandemic
The Function of Ordering Food from an Instagram Account has Become Available in Russia
AliExpress will Allow the Self-employed Opening Stores on the Site

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Modern Art  Adler  Republic of Tatarstan  Russian Magazines  Mercedes-Benz Fashion Week Russia  Buryatia  Russian oil  Norilsk Nickel  Russian Museums   Russian regions  Russian Cinema  Russiab politicians  St. Petersburg  TykvaDAY  Ryazhsk  Investments  Russian Aircrafts  Local Ceramics Fest  Russian business  Hermitage  mobile slavery  Macau  VDNKh  Primorsky Territory  Nicolai Lilin  Russian Bears  Moscow  Stanislav Lyubshin  Veliky Novgorod  Russian circus  Artillery Museum  Arseny Tarkovsky  Russian Award  Festivals in Moscow  Russian research  Exhibitions in Moscow  Kamchatka  Auction Sales  Historical Exhibitions  Russian tourism  Russian roads  Central House of Artist  Sakhalin  Concerts in Saint Petersburg  Russian theatres  travel to Russia  Oleg Mavromati  Embassy of France  Fine Arts Festival "Traditions and the Present"   Street Exhibitions 

Travel Blogs
Top Traveling Sites