This was reported by BelTA with reference to the press service of the president.

“The decree provides for measures to support business entities of individual sectors of the economy that are most susceptible to the adverse effects of the current epidemiological situation. The list of such industries is defined in the appendix to the decree, ”the agency indicates.

It is noted that, in particular, individual entrepreneurs are given the opportunity to switch to other taxation regimes and recalculate the single tax due to their temporary failure to carry out activities.

Also, according to the document, a deferral and installment plan for the payment of tax credits will be provided, and the period for returning from the budget the difference between the amount of tax deductions and the total amount of VAT will be reduced.

Lukashenko said earlier that the world economy will begin to recover from the consequences of the coronavirus pandemic in the coming month.

Pavel Gribov, associate professor at the Department of Economic Security at RANEPA, in an interview with the FBA “Economics Today” assessed the consequences of the situation with coronavirus for the global economy.