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

... Aksakov believes that income from the sale of shares acquired during a public offering on the stock exchange should be exempt from taxes. Even if the shares disappear in a year, such conditions should apply, the deputy said. Currently, the legislation establishes ... ... 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 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 ... ... entry threshold from 1 billion assets and turnover of companies to 800 million rubles, as well as from 100 million to 80 million taxes paid for the year. The corresponding changes are planned to be made to the Tax Code of the Russian Federation. Today,...

RUSSIANS WILL PAY TAXES FOR ARTISANAL GOLD MINING

The Ministry of Finance has come up with an initiative to impose a tax on artisanal mining activities. It is assumed that citizens from the northern Russian regions will be able to mine precious metals in a non-industrial way on a legal basis. According ...

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

... formed a number of proposals for reforming the tax system of the Russian Federation based on the results of public discussions 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 of the President of the Russian Federation. To learn more about the full list of offers, follow the link. Experts have proposed changes to the formation of both the personal income tax (personal income ...

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