New changes in tax legislation
Government of the Russian Federation have prepared a draft law, containing several amendments for companies and sole traders, using common tax system.
The proposed changes are as follows:
To reduce the period of check up for VAT tax declarations. Not to recognize transactions as controlled, in case one of the parties is a resident of special economic zone or participant of free economic zone, participant of the regional investment project, using corporate income tax rate of 0% and (or) reduced tax rate. Specify the list of documents, proving export of goods, works and services. Exclude movable property from the tax base for corporate property tax.
The full text of the draft law is published on the Government’s official web-site.