New changes in tax legislation

Jul, 19 2018

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.