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The Russian President has signed a law that will improve VAT refunds under the declarative regime. In particular, there has been a reduction from RUB 10 billion to RUB 7 billion in terms of the minimum amount of taxes paid in the three calendar years preceding the year in which the application is filed for the right to use the declarative regime.

The Russian State Duma has adopted amendments to the Russian Tax Code that clarify specific aspects for confirming that the zero VAT rate is justified and that approve tax rates for excisable goods. 

The members of the State Duma have finalised the draft law "On state cadastral valuation in the Russian Federation". This draft law proposes a completely new method for setting up commissions to consider disputes regarding the outcome of a calculation of the cadastral value. Unlike the draft law submitted by the Government, this draft law provides that not only officials will participate in the commission considering a dispute but also representatives of the business community and of the relevant industry.

The Russian Government has determined a list of goods, the producers and importers of which will be obligated to ensure partial recycling or to pay the environmental charge. 

The main trends in the tax policy for 2016-2018 have been approved. The crucial point for business is that taxes are frozen for the next three years.

The final version of the Main Directions of Tax Policy for the years 2016 to 2018 was published on the website of the Russian Ministry of Finance.