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THE STATE DUMA HAS ADOPTED A LAW ON THE TAX ON CRYPTOCURRENCY

The State Duma adopted in the third reading a bill providing for the introduction of taxation of digital currency. Amendments are proposed to the Tax Code of the Russian Federation. The draft law provides that cryptocurrency will be recognized as property, but only for taxation. Residents are required to inform about transactions with digital currency if the amount of receipts or write-offs for the year is more than 600,000 rubles. The author ...

THE BUSINESS PROPOSED TO MITIGATE THE EFFECTS OF TAX CHANGES

... 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 MINISTRY OF FINANCE HAS AMENDED THE PROGRESSIVE PERSONAL INCOME TAX SCALE

The Ministry of Finance has submitted draft amendments to the second reading of the draft law on the progressive scale of personal income tax. As Finance Minister Anton Siluanov noted, the changes will reflect, among other things, the proposals of entrepreneurs and parliamentarians voiced during public discussions of the novel. According ...

THE PROFESSIONAL COMMUNITY HAS FORMED PROPOSALS FOR TAX REFORM

... taxation system (USN), and income tax. In addition, participants in public discussions raised the problems of non-payment of taxes by sellers of marketplaces and business fragmentation. The event was organized by the Ilyinsky Entrepreneurial Club. Vadim ... ... Head of the IEF LEGAL Rulemaking and 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,...

THE SUPREME COURT CRITICIZED THE BILL ON THE ORDER OF MANDATORY PAYMENTS

... from Agrotorg Trading House LLC and Sberbank of Russia PJSC for violation of their rights under clause 6 of Article 138 of the Bankruptcy Law. The applicants questioned not only the collection of VAT and income tax according to the rules of this article, but also the judicial practice on the basis of which property taxes are satisfied. The Supreme Court noted that before these complaints are considered, it is premature to make any legislative ...

THE TAX RATE IS PROPOSED TO BE TIED TO THE AMOUNT OF INCOME

Russia intends to introduce a progressive scale of taxation on personal income. This was reported in the telegram channel by one of the authors of the bill - a deputy from the LDPR faction Yaroslav Nilov. A bill has been submitted to the State Duma, according to which it is proposed to distribute the tax rate from 0% to 35% depending on the income of citizens: • up to 360,000 rubles – 0%; • from 360,000 rubles to 5 million rubles – 13%; • from 5 million rubles to 10 million rubles – 603,200 rubles...

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

Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs (RSPP), said that the current version of the bill on the excess profit tax of previous years should be finalized. At the same time, according to him, the union supports the current basic calculation parameters specified in the draft. Recall, according to the bill, the excess profit tax will be levied from the excess of the arithmetic mean of profit for 2021-2022 over the arithmetic mean of profit in 2018-2019...

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 ...

THE FEDERAL TAX SERVICE INTENDS TO SPEED UP THE INITIATION OF CRIMINAL CASES

The Federal Tax Service (FTS) of Russia proposes to speed up the initiation of criminal cases against unscrupulous taxpayers. The relevant initiative has been sent to the Prosecutor General's Office. The Federal Tax Service makes a proposal not to wait 75 days after the entry into force of the decision on bringing to responsibility based on the results of the department's audit in a number of cases. According to Forbes, such cases may be the taxpayer's lack of intention to compensate for the...

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