Analytics and brochures

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. 

On 2 June, the State Duma (the lower chamber of the Russian Parliament) held parliamentary hearings regarding draft Main Directions for Tax Policy until 2018. The draft, in particular, provides for corporate profit tax benefits for greenfield projects and an increased initial value of depreciated property for tax purposes. It also sets a moratorium on an increased tax burden in Russia until 2018.

The Russian Government has approved a list of VAT-exempt materials for scientific research which do not have Russian substitutes. The list includes 180 items (Resolution No. 469 dated 15 May 2015).

On 3 May, the Russian President signed Federal Law No. 113-FZ. This law establishes that a tax agent is obliged to provide quarterly estimates of personal income tax amounts which it has calculated and withheld, to tax authorities. If it fails to provide such estimates, a penalty is imposed on it and its bank accounts are blocked.