Q2/2020 - Russian BRICS Presidency

Postponement of BRICS and SCO Summits, Moscow, 27 May 2020

On 27 May, the Russian government announced that the two summits of BRICS and of the Shanghai Cooperation Councils scheduled for July 2020 were adjourned indefinitely. A new date was not communicated[1].

Meeting of the directors of the BRICS tax authorities, 28 May 2020 (virtual)

At a video conference of the directors of the tax authorities of the BRICS countries the issue of a taxation of the digital economy came up. No related resolution was passed[2].

Mehr zum Thema
  1. [1] BRICS and the SCO summits postponed, Moskau, 27. Mai 2020, siehe:
  2. [2] BRICS Tax Authorities discuss support measures for taxpayers under the new conditions, Moskau, 28. Mai 2020, The meeting focused on economic support measures for taxpayers and providing services during the COVID-19 pandemic.: „Daniil Yegorov noted that the crisis caused by COVID-19 has accelerated the digital transformation of state management and public services. Thus, the Russian Federal Tax Service gave an example of already implemented projects for the remote provision of tax services, such as tax monitoring that allows tax authorities to have online access to companies’ accounts and transactions, a blockchain platform for cooperation with banks and companies that apply for a preferential loan, as well as an online service to receive subsidies to pay salaries to employees of companies affected by the pandemic. “The entire cooperation process starting from submitting an application to receiving payments is organized via this service. Employers can monitor the application status in their personal account. It usually takes no longer than two or three days. More then 600,000 Russian taxpayers have already received a total of 31 billion roubles in subsidies,” Daniil Yegorov noted. Representatives of BRICS Tax Authorities also discussed the prospects of taxation of the digital economy, as well as practical issues of the automatic information exchange mechanism. They also shared their experience in countering the grey economy. https://eng.brics-russia2020.ru/news/20200529/450166/BRICS-Tax-Authorities-discuss-support-measures-for-taxpayers-under-the-new-conditions.html