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THE MINISTRY OF FINANCE WILL NOT EXEMPT DIVIDENDS ON IIS FROM PERSONAL INCOME TAX

... shares of domestic issuers that were purchased through the AIS. The Central Bank supported this initiative, but the regulator added that it had not received such proposals. Ivan Chebeskov said that due to the ongoing transformation of the tax system, the Ministry of Finance cannot exempt dividends on IIS from personal income tax.

THE MINISTRY OF FINANCE WANTS TO OBLIGE BANKS TO SPECIFY THE CLIENT'S RESIDENCE BY GEOLOCATION

The Ministry of Finance has developed a draft government decree that obliges banks to check the tax residency of customers by geolocation. This is reported by Izvestia. As the authors of the initiative explained, the location will be monitored when entering ...

THE MINISTRY OF FINANCE HAS PROPOSED A NEW SCHEME OF INTERACTION BETWEEN GOVERNMENT AGENCIES AND BUSINESS

The Ministry of Finance has taken the initiative to transfer the interaction of government agencies and business to the portal of public services, it is about all official requests of the state and answers to them. The new scheme is aimed at approval by business ...

THE MINISTRY OF FINANCE WILL INCREASE THE LIMITS FOR BANKS ON PREFERENTIAL MORTGAGES

The Ministry of Finance of the Russian Federation is preparing a resolution on increasing the limits for granting preferential housing loans to banks. Banks, due to the increased demand for housing loans for state programs, have almost exhausted the limits,...

THE MINISTRY OF FINANCE PROPOSED TO EXPAND THE MECHANISM OF TAX MONITORING

The Ministry of Finance of the Russian Federation has taken the initiative to expand the criteria for business participation in tax monitoring. It is proposed to reduce the entry threshold from 1 billion assets and turnover of companies to 800 million rubles,...

NOT EVERY FOREIGNER CAN BECOME SELF-EMPLOYED

... advantage of a special tax regime (to become self-employed). The law does not provide for the application of a tax on professional income for such citizens engaged in entrepreneurial activity on the territory of the Russian Federation (Letter of the Ministry of Finance dated March 29, 2024 N 03-11-11/28553).

THE PROFESSIONAL COMMUNITY HAS FORMED PROPOSALS FOR TAX REFORM

... at the Chamber of Commerce and Industry (CCI). All the ideas and initiatives of the trade union have already been sent to the Ministry of Finance of the Russian Federation, the State Duma Committee on Budget and Taxes, as well as to the State Legal Department ... ... Regulatory Initiatives Practice, Vladimir Kuznetsov, Vice President of the Association of Lawyers in the field of Liquidation and Bankruptcy, Alla Matyushkina, Commissioner for the Protection of the Rights of Entrepreneurs in the Vladimir Region, Alexey Nekrasov,...

DUTY FREE MAY START SELLING ALCOHOL ON DOMESTIC FLIGHTS

The Ministry of Finance of the Russian Federation has proposed to allow retail stores at airports to sell alcohol to passengers of domestic flights in Russia. This is reported by the press service of the department. According to the Ministry of Finance,...

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