Tax legislation

Tax landscape 2018: key developments and outlook 

The legislative year 2017 is over and we can have take a more detached look at it, reflecting on what it will be remembered for. Tax legislation is one of the most rapidly evolving legal frameworks, especially in the developing tax environments such as Russia. The Russian tax system is constantly on the turn, with ambiguities clarified, international best practices adapted and adopted, investment incentives launched, and measures to tackle tax offences introduced.

Last year was no exception, marking the completion of several long-awaited legislative initiatives that will come in force in 2018. These include the unjustified tax benefit concept, international exchange of financial account and MNE information, and tax-free shopping (which Deloitte’s professionals contributed a lot to developing).

What else? Tax treatment of capital contributions was reconsidered, a range of tax benefits was refined, a profit tax deduction on investment was introduced. The non-tax charges framework was successfully tested and is fully operable.

We expect to see further automation and digitalisation of tax administration processes.

To offer a broader picture on the important changes and trends, we have prepared our annual tax update and outlook for 2018.

This year’s update includes video comments from Deloitte’s industry group leaders, sharing their opinions on the year’s landmark tax events. Apart from the tax news, we have also incorporated an overview of changes in the currency, labour, and corporate legislation.

Industry players will find summaries of sector-specific legislation changes that may have a considerable impact on their business and comments from our specialists on the key developments and trends.

We appreciate your interest in our publications and hope that this update will guide you through the Russian legislative changes and facilitate your decision-making.

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