President Putin has proposed a postponement of insurance contributions for companies supplying goods and services to the domestic market, which would save them 1.6 trillion roubles. The grace period, for which no insurance contributions are due, would cover the second quarter of this year, while for manufacturing companies the deferral would also extend to the third quarter. Other expenses or taxes are not affected, although the costs of personnel accounting are significantly reduced. The exact list of industries affected by the measure will be determined by the government.
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