Taxation

Tag: Taxation

State Duma proposes to suspend taxes for businesses amid pandemic

A bill suspending land and property taxes for businesses for the period of COVID-related restrictions has been submitted to the lower house of the Russian Parliament.

15:17 20.07.2021

Cafes and restaurants with revenues below $28 mln exempted from VAT in Russia

President of Russia Vladimir Putin on Friday signed a bill exempting cafes and restaurants earning annually less than 2 billion rubles ($28 million) from paying VAT into law.

13:23 02.07.2021

Cafes and restaurants with revenues below $28 mln to be exempted from VAT in Russia

The State Duma has adopted in the third and final reading a draft law exempting cafes and restaurants earning annually less than 2 billion rubles ($28 million) from paying VAT.

13:49 16.06.2021

Bill on taxation of cryptocurrency circulation reaches State Duma

Russia’s Government has submitted a bill envisaging that cryptocurrencies are to be recognized as property and regulating taxation in the sphere of circulation of digital currencies to the lower house of the Parliament.

16:38 01.12.2020

Russia’s President signs law raising tax on yearly personal incomes over $66,000 by 2%

Russia’s President Vladimir Putin has signed into law a bill envisaging a raise in the rate of the personal income tax from 13% to 15% for citizens, whose incomes exceed 5 million rubles (about $66,000) a year.

16:43 23.11.2020

Russian PM extends tax deferment for small and medium businesses hit by pandemic

Russia’s Prime Minister Mikhail Mishustin on Thursday signed an order extending deferral for payment of taxes, fees in advance and insurance for small and medium businesses and individual entrepreneurs hurt by the coronavirus pandemic for another three months.

13:35 12.11.2020

State Duma adopts bill raising tax on yearly personal incomes over $66,000 by 2%

Russia’s State Duma has passed in the third and final reading a draft law envisaging a raise in the rate of the personal income tax from 13% to 15% for citizens, whose incomes exceed 5 million rubles (about $66,000) a year.

14:41 11.11.2020

Public ombudsman for small and medium businesses urges revision of taxation parameters

Russia’s tax system hinders development of small and medium-sized enterprises (SME); it is necessary to revise the parameters of taxation, Public SME Ombudsman, founder of family cafes chain AnderSon Anastasia Tatulova believes.

15:21 03.11.2020

Russia’s communists propose to raise duty on currency deposit incomes

A group of lawmakers representing the Communist Party of the Russian Federation, including its chair Gennady Zyuganov, have submitted to the State Duma a bill increasing taxation of the individuals’ income from foreign currency deposits up to 15%.

14:40 27.10.2020

Russia’s State Duma to consider bill on marketplaces

A lawmaker of the lower house of Russia’s Parliament has submitted to the body a specialized bill on marketplaces – ecommerce platforms.

13:13 01.10.2020

Bill to exempt multi-child families from land tax reaches Russia’s State Duma

A bill stipulating exemption of families with three or more minor children from paying land use taxes has been submitted to the lower house of Russian parliament.

17:40 15.09.2020

Transport tax abolition bill reaches Russia’s State Duma

MP representing the United Russia party Andrey Baryshev has submitted a bill abolishing a motor vehicle tax to the lower house of parliament.

12:23 20.08.2020

All-Russia People’s Front member proposes lower property tax on multi-child families

Director of the Coordination Center for Economic Revival of the All-Russia People’s Front, Head of Profstazhirovka 2.0 project Ilya Semin has presented his proposal to lower the property tax on families having three and more underage children.

13:40 13.08.2020

Bill on fiscal measures aimed to aid IT industry reaches State Duma

The government of Russia has submitted to the State Duma a bill envisaging amendment of the Tax Code to the effect of establishing a favorable fiscal environment for the IT business.

13:14 17.07.2020

Russia’s Ministry of Sports proposes tax breaks for parents of minors engaged in sports

Russia’s Ministry of Sports has drafted amendments to the Tax Code stipulating tax benefits for parents paying for attending sports organizations by their children aged up to 18 years.

15:40 30.06.2020

Accused of legalization of stolen aircraft details faces trial in St. Petersburg

A case against CEO of Techcomservice firm Andrey Yeresko charged with legalization of stolen helicopter units and details worth about 20 million rubles has reached court.

14:03 01.06.2020

State Duma passes bill on additional tax benefits during coronavirus outbreak

The State Duma passed in the second and third readings on Friday amendments to the Tax Code stipulating additional benefits for citizens, businesses and NGOs over the coronavirus pandemic.

13:55 22.05.2020

Putin signs bill exempting repayment holidays gains of income tax into law

Russian President Vladimir Putin on Thursday signed a bill on exemption of financial benefits individuals and self-employed entrepreneurs got as a result of the repayment holidays, during which they did not pay interest, of the income tax, into law.

17:06 21.05.2020

State Duma adopts amendment exempting repayment holidays gains of income tax

Russia’s State Duma has passed a bill envisaging exemption of financial benefits individuals and self-employed entrepreneurs got as a result of the repayment holidays, during which they did not pay interest, of the income tax.

16:44 12.05.2020

Putin signs law on tax benefits at time of coronavirus spread

Russian President Vladimir Putin has signed amendments to the Tax Code stipulating support measures for citizens, healthcare staff and businesses over the coronavirus pandemic into law.

13:59 22.04.2020