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The Russian government has submitted a package of amendments to the Tax Code to the State Duma

The Russian Government proposed some changes in#nbsp;the withholding tax, VAT, and excise duties
According to#nbsp;the amendments to#nbsp;the Tax Code of#nbsp;Russia, the following changes are planned:

  • The government wants to#nbsp;assign the obligation to#nbsp;calculate and pay VAT when importing goods from EAEU countries to#nbsp;intermediary organizations from January 1, 2024;
  • it#nbsp;is#nbsp;planned to#nbsp;increase excise tax rates on#nbsp;some types of#nbsp;alcohol from May 1, 2024, and index them for 2025#nbsp;— 2026;

  • it#nbsp;is#nbsp;planned to#nbsp;raise excise tax rates on#nbsp;tobacco, cigars, cigarillos, cigarettes from January 1, 2024, with subsequent indexation for 2025#nbsp;— 2026;
  • exempt from withholding tax or#nbsp;establishing a#nbsp;reduced rate for certain income paid to#nbsp;foreign companies abroad. This will be#nbsp;possible if, previously, no#nbsp;withholding tax was paid on#nbsp;this income or#nbsp;a#nbsp;reduced rate was applied under suspended contracts. The benefit will be#nbsp;valid if#nbsp;the actual right to#nbsp;income of#nbsp;the foreign company is#nbsp;confirmed and there is#nbsp;an#nbsp;absence of#nbsp;interdependence between the Russian organization and the foreign one. They want to#nbsp;extend the exemption to#nbsp;income paid by#nbsp;a#nbsp;tax agent from August 8, 2023. It#nbsp;is#nbsp;expected that the procedure will be#nbsp;applied until the end of#nbsp;2025.