A new 210-page long bill proposing multiple tax initiatives has entered the Russian State Duma.
While some initiatives were unveiled before, others became quite a surprise.
The key amendments include:
Most amendments are scheduled to take effect immediately at the start of the next year.
Let us have a closer look at the changes in the pipeline.
While some initiatives were unveiled before, others became quite a surprise.
The key amendments include:
- Higher VAT rate
- Reduced IT incentives
- Higher social security contribution rates for SMEs
- Lower income threshold triggering VAT for the Simplified Tax System (STS) users
- Broader access to the tax monitoring regime and many more
Most amendments are scheduled to take effect immediately at the start of the next year.
Let us have a closer look at the changes in the pipeline.