The government will reduce the tax burden in the procurement of products to combat coronavirus

The government of the Russian Federation in the state Duma introduced a bill that would reduce the taxable profit of the companies buying personal protective equipment and test systems for the detection of coronavirus. This writes the Prime.

The document introduces changes to the tax code, envisaging that relate to expenses when calculating the tax on profit of organizations expenses for the purchase of personal protective equipment, test-systems and medical equipment for diagnosis and treatment of new coronavirus infection, including those recognized as depreciable property.

The proposed document aims to reduce the taxpayers costs against COVID-19. The bill will contribute to providing the population with the necessary means of protection and prevention in the spread of the coronavirus.

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