The summer now departing has featured an abundance of drafts and laws concerning taxation. Below we set out the most important ones:
- the period of a VAT desk audit has
been reduced from 3 months to 2 months, which will have a positive effect on
the quantity of documents that are requested;
- no increase to 26% of contributions
for pension insurance is expected in 2021: the temporary tariff (22% within the
maximum amount and 10% in excess of it) will become permanent;
- tax on a company’s moveable property
is being abolished;
- the timeframe for companies to submit
documents pertaining to a specific transaction during a desk tax audit has been
extended to 10 days (the general timeframe now is 5 days);
- the number of documents a company
submits to confirm its eligibility for 0% VAT under export transactions
is decreasing;
- there will be fewer controlled
transactions: internal Russian transactions will be recognized as controlled
transactions if revenues from them exceed RUB 1 billion, while
transactions with related foreign entities will be recognized as controlled
transactions if annual revenues under such transactions exceed RUB 60 million.
For more details about amendments to tax legislation, please contact
Acsour.
