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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 ...

BUSINESS WARNED THE FEDERAL TAX SERVICE ABOUT PROBLEMS WITH TAX AMNESTY

... It is expected that the Government of the Russian Federation and legislators will make appropriate amendments to the Tax Code of the Russian Federation by the end of July this year. According to the president, the law should not allow cases in which business is not interested in development. Andrey Shubin, Executive Director of Opora Russia, drafted an appeal to Dmitry Satin, Deputy head of the Federal Tax Service. The contents of the letter are commented on by RBC. In it, the author points out ...

NFIA Analytics: Russian business is losing liquidity

According to analysts from the National Financial Information Agency (NFIA), more than half (54%) of Russian businessmen were forced to deal with the problems associated with a decrease in sales in March. At the same time, in the segment of small and medium-sized enterprises (SMEs), 83% of market participants had to cut their costs. According to a survey ...

EXPERTS POINTED OUT THE NECESSITY OF BUSINESS AND MINISTRIES’ PARTNERSHIP

... establishments do not physically have input VAT. In addition, many restaurants do not fit the criteria for SMEs, which significantly complicates the business activities. Sergei Mironov added that restaurateurs are ready to enter the "white" business and even pay three times more taxes if the legislators meet halfway. But this has not happened yet. In the final part of the discussion, Vladimir Kuznetsov urged the conference participants to take a tough stance and start “knocking on all doors” so that the business and its proposals ...

BALANCE OF INTERESTS OF THE FEDERAL TAX SERVICE AND THE TAXPAYER? WE DEALT WITH THE TAX DUEL

... "Working with NPAs in the field of tax legislation: proposals for anti-crisis measures in connection with the sanctions policy against Russia, as part of the amendment of Article 54.1 of the Tax Code of the Russian Federation, etc.". The interests of business in the "tax duel" were defended by representatives of the Legicon-Pravo law firm - Dmitry Ryakhovsky, Doctor of Economics, Head of the Department of Taxes and Tax Administration of the Financial University under the Government of the Russian Federation, partner in tax practice of the Legicon-Pravo law firm and Oksana Popova, partner of the Legicon-Pravo law firm", senior lecturer at the Department ...

EXCESS PROFIT TAX : EXPECTATION AND REALITY

... the bill through at least 1 review, which indicates interest in its rapid adoption. At the same time, representatives of the business community and a number of departments still have objections to the need to introduce an emergency tax, at least in the ... ... reference to the not yet adopted norm of the Tax Code of the Russian Federation, which will allow the introduction of emergency taxes by the end of this year, that is, several bills will be considered by the State Duma. A separate hint that this is how the ...

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

... of the Russian Federation is being prepared, according to which it is proposed to fix the provisions regulating the emergency 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 profits of previous years." Together with the amendments to the code, it is proposed to adopt a federal law on the ...

LAWYERS SUGGESTED THAT A ONE-TIME FEE FROM COMPANIES WILL BE INTRODUCED IN THE FORM OF A TAX

... Collection is one of the conditions for legally significant actions on the part of the state (for example, granting certain rights or issuing permits). In another case, according to lawyers, the fee may be due to the implementation of certain types of business activities within the territory in which it was introduced. "Thus, taking into account the wording of paragraph 2 of Article 8 of the Tax Code of the Russian Federation, it is difficult to call a "one-time payment" a "fee"....

FTS EXPLAINED HOW EMPLOYEES OF COMPANIES PRETEND TO BE SELF-EMPLOYED

The Federal Tax Service has published a letter containing clarifications regarding the practice of employees turning into the self-employed, which is gaining popularity in Russia. This is done to evade taxes and minimize the financial costs of employing companies. However, the state intends to fight this practice. According to the information from the letter of the Federal Tax Service (available to Rusbankrot), the document contains a detailed list ...

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