the Relevant amendments to the Tax code publishes “the Russian newspaper”. Prior to that, the income of the taxpayer from economy on percent for using borrowed money during the grace period was not recognised benefit arising during introduced last year “mortgage holiday”. It now extends to vacation credit.
vacation Credit is available from 3 April. They are available if the borrower’s income declined 30% or more for the month preceding the month of treatment, compared with the average monthly income in 2019, and the credit contract was entered into before April 3, 2020. The validity of the vacation – up to six months, to end them at any time by giving notice of its decision to the Bank. To issue a vacation credit is available until 30 September. Help to provide the Bank now issued now and on the portal of public services, pointed out in Bank of Russia.
For vacation credit established ceilings. On consumer credits – 250 thousand roubles on credit cards – 100 thousand rubles, car loans – 600 thousand roubles (the Central Bank allow for a possible increase of this threshold), the mortgage depending on the region from two to 4.5 million rubles. Vacation – deferment of all payments for a maximum of six months, and not forgiveness of debt. During the holidays the Bank does not calculate interest and penalties and does not require early repayment of the loan.
