The State Duma has passed at third reading a bill that proposes to make substantial changes to tax legislation: new, higher rates of profits tax and of personal income tax, the particular features of an amnesty for those prepared to abandon a business-splitting scheme voluntarily, higher income limits under the simplified tax system, and new conditions for applying the special tax regime for small and medium-sized enterprises.
This is far from a complete list of the changes that will force every company to reconfigure the work of its accounts department, and that need to be known today.
Read more about the key tax changes for Russian business from 1 January 2025 in our latest review.
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