Taxes

The State Duma proposed to abolish VAT on bottled water and food, the shelf life of which is coming to an end.

The deputies of the State Duma adopted in the second and third readings a law on providing citizens with the opportunity to receive tax notifications and tax payment requirements in their personal account on the public services portal. The Russians will have the corresponding opportunity from July 2023.

Finance Minister Anton Siluanov said that the Russian government currently has no plans to grant the self-employed the right to a tax deduction.

Finance Minister Anton Siluanov (pictured) said that business representatives who have received excess profits will already this year pay a one-time fee to the budget in the amount of 5% of excess profits.

Russian Finance Minister Anton Siluanov said that the collection of "voluntary contributions" from businesses to the budget this year will be one-time, while there is no question of raising taxes.

Kremlin spokesman Dmitry Peskov said that the government hopes for "understanding" on the part of business when the authorities decide to impose an additional fee on entrepreneurs.

The European Union (EU) has included the Russian Federation in the "grey list" of tax jurisdictions that, according to the EU, do not fully comply with international tax standards. The list consists of 16 positions, most of which are offshore.