with him was sponsored by his first Deputy, Alexander Zhukov, the head of the state Duma Committee on budget Andrey Makarov and a member of the Federation Council Nikolay Zhuravlev.

we will Remind that since April 3, recipients of vacation credit given a delay on loan payments for six months if revenue for last month fell by more than 30% in comparison with the average monthly income for 2019. Holidays are for six months and you can apply until 30 September of this year.

However, savings on interest, as income of the borrower. More specifically, it is the difference between the amount of interest calculated at the rate of two-thirds of the refinancing rate of the Central Bank, and the amount actually paid interest on the loan. While such income that is taxable at the personal income tax of 35%.

the Exemption for personal income tax legislation already provided, it is valid only for mortgage holidays. Namely, are not recognized as income of the taxpayer benefits from savings on interest for the use of such borrowed funds within the stipulated grace period.

the authors of the new bill propose to extend these rules to any cases of granting grace period – including in relation to individual entrepreneurs and credit agreements not secured by a mortgage.

the bill is of particular relevance in a difficult economic situation, explained the developers. They note that it is necessary to maintain the source of income of natural persons, including individual entrepreneurs are.

it is Expected that the law will come into force from the day of its official publication and will apply to incomes of physical persons received by them, starting in 2020.