Doing business in Russia
Doing business in Russia 2015
Following the trend of increasing fiscal pressure, a new tax — a trade duty — has been introduced at a local level. The regional authorities can now choose to introduce a new duty at the local level. For example, the federal city of Moscow has already introduced it.
Changes related to VAT have introduced a new format for VAT returns starting from 1 January 2015 and a new obligation to file VAT returns electronically, which has put additional administrative pressure on the taxpayer.
A number of changes to profits tax regulations have been introduced, which aim at harmonising the tax accounting rules with the statutory accounting requirements.
This Guide covers the main features of, and latest changes to, Russian tax legislation.