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Additional deferral of insurance premiums for SMEs approved

Russian Prime Minister Mikhail Vladimirovich Mishustin approved an additional deferral of insurance premiums for SMEs.

Small and medium-sized enterprises from affected sectors of the economy, along with microbusinesses, will be able to suspend insurance payments to state extra-budgetary funds.

Deferral of payments will operate 4-6 months. After this, the business will also be able to take advantage of the installment plan for taxes and fees and pay them in equal installments during the year. The support measure will be available to companies registered in the register of SMEs.

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