The tax system of the Russian Federation is the main tool for development of centralized money funds required for the follow-on financing of all directions of national activity. It allows accumulating enough resources in the federal, local and regional budget and using them for national development.

International investments are an essential part of the Russian economy, by creating a steady flow of tens of billions of dollars and creating the country a significant income with an also huge number of working spaces. By inviting foreign investors, the law gives them a national set of rights and responsibilities, making international investors have as many rights as Russian companies and investors. It affects not just the rights, but also the responsibilities of such companies, and taxation is also one of the duties of any foreign company working in Russia.

This question becomes even more complicated if you open your business or start working as an entrepreneur in a foreign country. There are a lot of taxes in the Russian Federation: VAT, Corporate Profit Tax, Corporate Property Tax, Water Tax to mention a few. But there is the light at the end of the tunnel if we speak about the Simplified Tax System.

Starting your business in Russia you need to know what are the main taxes of organization in Russia. This article helps you to get more details about taxation in Russia.