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Tourism not only plays a vital role in the economic growth, but also significantly affects its image as a whole, influencing, among other things, the investment attractiveness. Today there are favorable conditions for the development of tourism in Russia. This is due to increased financial accessibility of travel, development of infrastructure and new directions for both traditional tourism and ecotourism. The attractiveness of many cities and territories is growing due to the preparation and holding of major international events: Sochi Olympics, Youth Festival, 2018 FIFA World Cup.

There is a number of scenarios for societal and business impact of the coronavirus situation. Deloitte experts offer three scenarios of what awaits us in the next 1.52 years under new conditions. Those scenarios can be used for short- and medium-term strategic, operational, and financial planning.

This digest of tax amendments prepared by KPMG summarizes tax-related alterations in 2019 and reviews key developments for taxpayers coming up in 2020.