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THE BUSINESS PROPOSED TO MITIGATE THE EFFECTS OF TAX CHANGES

The Opora Russia business association has proposed to introduce an annual indexation of the income threshold, at which taxpayers of the simplified taxation system (USN) begin to calculate and pay VAT. The relevant initiative was included in the list of proposals to the draft law "On the Federal Budget for 2025 and for the planning period 2026 and 2027", which were sent to the State Duma. The business association also came up with the idea to preserve the rights of USN payers to VAT exemption when selling ...

THE RUSSIAN UNION OF INDUSTRIALISTS AND ENTREPRENEURS CALLED FOR FINALIZING THE DETAILS OF THE PROJECT ON THE EXCESS PROFIT TAX

... in 2018-2019. Profit is determined according to tax accounting data. The rate is set at 10%. The tax itself must be paid by January 28, 2024. As Alexander Shokhin explained to RBC, there are uncertainties in the current project that carry risks for business. According to the RSPP, the shortcomings of the bill are related to the following issues: - The norms allowing to pay the tax in 2023 in the format of a security payment at an effective rate of 5 are vaguely formulated. There is a risk of paying ...

THEY WANT TO FIX THE EXCESS PROFIT TAX IN THE TAX CODE OF THE RUSSIAN FEDERATION

Currently, a draft law on amendments to Part 1 of the Tax Code of the Russian Federation is being prepared, according to which it is proposed to ... ... tax in the code. This was reported to Rusbankrot by a source. It is proposed to consolidate the possibility that emergency taxes may be introduced by separate federal laws. In addition, the Tax Code proposes to reflect the concept of "tax on excess ...

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