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The Regulation on the register of socially-oriented not-for-profit organisations has been approved

29.06.2020
2 min read
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As we previously advised[1], Russian lawmakers continue to adopt regulations aimed at clearly defining the circle of not-for-profit and religious organisations to which property can be transferred for no fee and when relevant costs can be deducted for profit tax purposes.

Thus, the Russian Government’s Resolution No. 906 dated 23 June 2020 approved the Regulation on the register of socially-oriented not-for-profit organisations[2].

The Russian Ministry of Economic Development has been identified as the authority responsible for setting up and maintaining the register. The register will be publicly accessible on the Ministry’s website.

The register will include non-for-profit organisations which, starting from 2017, are:

  • entitled to grants from the President of the Russian Federation;
  • entitled to subsidies and grants within the scope of programmes implemented by the federal executive authorities, the executive authorities of the constituent entities of the Russian Federation and by local authorities;
  • are suppliers of social services;
  • are suppliers of services that are useful for the public.

The Russian Ministry of Economic Development is to issue a regulation determining the procedure for submitting information to the register and to set up the register.

Earlier the Russian Ministry of Economic Development set up the register of socially-oriented not-for-profit organisations and updated it on 23 June 2020[3]. Taking into account that to date the Government has approved the Russian Ministry of Economic Development as the federal executive body authorised to maintain such register, taxpayers may deduct the expenses on transferring property to the organisations that have been entered in the specified register of the Russian Ministry of Economic Development.

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