On February 12, 2025, Julia Talagaeva and Robert Gurdyumov, Senior Associates at Forte Tax & Law, participated in the annual Tax Conference hosted by the German-Russian Chamber of Commerce (AHK Russland). The event was held on the occasion of the 30th anniversary of the Chamber in Russia and brought together leading tax experts, including Russian tax authorities, law firms, and businesses.

The conference discussed key changes in tax legislation, tax administration issues, and relevant aspects of currency control in cross-border transactions. Robert Gurdyumov, Senior Associate at Forte Tax & Law, spoke about one of the topical issues—VAT taxation for entities using the simplified tax system and the principles of building relationships with such counterparties. Robert offered practical recommendations on how to mitigate tax risks when working with counterparties that use the simplified tax system in 2025.

The participation of our specialists in such an important event demonstrates the high level of expertise of Forte Tax & Law in the field of tax law and the firm’s desire to keep abreast of the latest changes in legislation. We would be pleased to share our experience and help our clients understand all the intricacies of tax regulation.

If you would like to receive recommendations from Julia Talagaeva and Robert Gurdyumov in person, please contact them for advice.

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Article by Robert Gurdyumov

Starting from January 1, 2025, companies and sole proprietorships using the simplified tax system (STS) become VAT payers. This means that working with suppliers using the STS will require more attention to tax issues and documents.

Who must pay VAT under the STS?

According to the new rules, everyone who uses the STS automatically becomes a VAT payer[1]. However, there is one exception: if annual income does not exceed RUB 60 million, there is no need to pay VAT. But this does not apply to the importation of goods or agency VAT. This exemption cannot be waived[2].

What VAT rates apply?

If a supplier using the STS must pay VAT, the supplier may apply:

• The general VAT rates: 20%, 10% or 0%; or
• The special rates: 5%, 7% or 0% for certain transactions.

Important: If a supplier chooses a special rate, the supplier must apply it for 12 quarters (3 years). It is possible to stop using special rates only if there is a change in the income threshold: if it falls below RUB 60 million or exceeds RUB 450 million.

What do you need to know about documents?

A supplier using the STS that pays VAT is required to issue invoices with VAT shown separately, keep records of VAT (purchase and sales ledgers), and file VAT returns with tax authorities.

A buyer will be able to deduct VAT only if an invoice is issued correctly. That is why it is crucial that a supplier is compliance with all tax law requirements.

How to agree the price with the supplier?

Starting from 2025, the price of goods or services must include VAT. This means that the contract must clearly state what VAT rate the supplier will apply and how the price will change if the VAT rate changes or the supplier becomes exempt from VAT.

Failure to do so may result in disputes. For example, if the price goes up due to VAT, and the buyer refuses to pay more, this can be considered a default. Conversely, if the price goes down, the supplier may insist on maintaining the same amount, which will result in the buyer overpaying.

What to add to the contract?

To avoid risks and disagreements, it is recommended to include the following clauses in the contract:

• A provision on the revision of the price in the event of a change in the VAT rate or VAT exemption.
• The supplier’s obligation to notify the buyer of a change in the VAT payer’s status or the tax rate.
• The supplier’s obligation to correctly issue invoices and make changes to them if they are issued with errors.
• A tax clause that will obligate the supplier to be liable for the buyer’s possible losses if the VAT is not deductible due to errors in the documents.

What to pay attention to when working with a supplier using the STS?

Starting from 2025, suppliers using the STS will need to be treated as carefully as those who work under the general tax system. This means that it is important to check that the supplier is bona fide, has personnel and assets, and is able to fulfill its obligations.

Particular attention should be paid to cases when the supplier applies general VAT rates (10% or 20%). If the supplier applies special rates, but issues an invoice with a general VAT rate, a VAT deduction claim will be rejected.

It is recommended to review all contracts with suppliers using the STS. If they do not contain any VAT terms, you need to make changes: Clarify how the price will be determined, including VAT, and add the supplier’s obligations that will reduce the risks for the buyer.

Conclusion

Starting from 2025, working with suppliers that apply the STS will require more attention to tax issues and documents. To avoid problems, it is important to prepare in advance: revise the contracts, clarify the terms for VAT, and make sure that the supplier is in compliance with all legal requirements.

If you have any questions or need assistance in assessing your tax risks, please contact Anton Kabakov or Robert Gurdyumov. We will help you understand all the intricacies and prepare yourself for the changes.

[1] Articles 143, 346.11 of the Russian Tax Code as amended by Federal Law No. 176-FZ dated July 12, 2024 On the Introduction of Amendments to Parts I and II of the Russian Tax Code, Certain Legislative Acts of the Russian Federation, and the Invalidation of Certain Provisions of Legislative Acts of the Russian Federation.

[2] Letter No. 03-07-11/96800 of the Russian Ministry of Finance dated October 7, 2024, Letter No. 03-07-11/95245 of the Russian Ministry of Finance dated October 2, 2024.

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Starting from January 1, 2025, significant changes in tax legislation have come into effect in Russia, affecting both individuals and legal entities. A progressive personal income tax scale, an increase in corporate profit taxes, new deductions, changes in the taxation system for small and medium-sized businesses, as well as the introduction of a tourist tax—all of these factors will have a significant impact on financial planning and tax obligations. In this article, we’ll take a closer look at the key changes to the tax system that will take effect in 2025 and explain how they may impact taxpayers.

Personal income tax

Starting from 01.01.2025, the progressive personal income tax scale has been significantly expanded.

Instead of the two rates—13% and 15%—for the main types of income of Russian tax residents, five different rates are being introduced, each applied to the amount exceeding the threshold of the previous one (Article 224(1) of the Russian Tax Code):

• 13% on income up to RUB 2.4 million inclusive;
• 15% on income from RUB 2.4 million to RUB 5 million per year inclusive;
• 18% on income from RUB 5 million to RUB 20 million per year inclusive;
• 20% on income from RUB 20 million to RUB 50 million per year inclusive;
• 22% on income more than RUB 50 million per year (Article 210(2.1) of the Russian Tax Code).

For income in the form of remuneration paid to persons working in the Far North, and participants in the Special Military Operation, the current tax rates will remain: 13% on income up to RUB 5 million inclusive; 15% on income more than this amount (Articles 224(1.2), 210(6.1) and 210(6.2) of the Russian Tax Code).

Furthermore, for certain types of income of tax residents of Russia, such as income from the sale of property; insurance income; income from equity participation (dividends); income from transactions with securities, shares, and derivative financial instruments; certain types of financial benefits; income from REPO transactions and interest on deposits, the following rates have been established  (Article 210(6) of the Russian Tax Code):

• 13% on income up to RUB 2.4 million inclusive;
• 15% on income over that amount (Article 224(1.1) of the Russian Tax Code).

The tax rates on the income of certain tax non-residents of Russia have also been changed. Thus, the income of highly-qualified specialists, foreign citizens employed, ship crews, and refugees will be taxed according to the five main tax rates. These same rates will apply to the income of employees working remotely from abroad, as well as individuals providing online services from abroad using Russian domain names.

Starting from 01.01.2025, the amount of the standard tax deduction for the second and subsequent children has been increased

The tax deduction for the second child has been increased from RUB 1,400 to RUB 2,800. For the third and each subsequent child, it has been raised from 3,000 to 6,000 rubles. Additionally, the deduction for each disabled child has been increased from 6,000 to 12,000 rubles. The total income threshold at which the deduction ceases to apply has also been raised from 350,000 to 450,000 rubles. The deduction will be provided by the employer (as the tax agent) without requiring a formal request from the taxpayer-employee (Article 218(1)(4) of the Russian Tax Code).

A new standard tax deduction introduced from January 1, 2025

A tax deduction of 18,000 rubles per tax period will be granted to individuals who have passed the GTO (Ready for Labor and Defense) physical fitness standards and have confirmed their awarded distinction, provided they have also undergone a medical examination.

Changes in Personal Income Tax Calculation by Tax Agents

When calculating personal income tax, the tax agent considers the actual expenses incurred and documented by the individual taxpayer based on their application (Article 266(11) of the Russian Tax Code). The deadline for notifying the tax authorities about the inability to withhold PIT has been extended until January 31 of the year following the reporting tax period (Article 266(5) of the Russian Tax Code).

Additionally, the list of tax agents has been expanded. It now includes:

• Foreign organizations that pay income to taxpayers providing online services from abroad using Russian domain names (the requirement to tax such income also comes into effect on 01.01.2025).
• Russian organizations that provide technical capabilities for rendering such services (Article 266(1.1) of the Russian Tax Code).

Mining Income is Subject to Personal Income Tax

Income from Russian sources includes earnings in the form of digital currency obtained through cryptocurrency mining in Russia (Article 208(1)(9.3) of the Russian Tax Code).

Such income is recognized as in-kind income, and the value of the digital currency is determined based on its market quotation on the date the income is actually received (Article 211(1) of the Russian Tax Code).

At the same time, a tax deduction is provided for documented expenses related to cryptocurrency mining (Article 220(1)(5) of the Russian Tax Code).

Changes to Personal Income Tax exemptions

Starting from January 1, 2025, the exemption from personal income tax (PIT) on income from the sale of shares or stakes in the authorized capital, due to ownership for more than five years, will only apply to taxpayers who are tax residents of Russia (Article 217(17.2) of the Russian Tax Code). A limit of RUB 50 million has also been set for the amount of exemption. Furthermore, the method for calculating the tax-free severance pay (equivalent to three months’ salary) has been modified. It will now be calculated in the same manner as maternity benefits and monthly childcare allowances (Article 217(1) of the Russian Tax Code).

CFC fixed profits changed for 2025

For one CFC, fixed profits are set at RUB 27,990,000, for two CFCs, at RUB 52,718,000, for three CFCs, at RUB 75,445,300, four CFCs, at RUB 98,172,600, and five or more CFCs, at RUB 120,899,900 (Article 227.2(2) of the Russian Tax Code).

Corporate Income tax

Income tax rates will go up

Ef Starting from January 1, 2025, the general corporate income tax rate has been raised from 20% to 25% (Article 284(1) of the Russian Tax Code). The additional 5% will be allocated to the federal budget: instead of the previous 2%, 7% will now be directed to the federal budget (8% from 2025 to 2030).

The tax rate for IT companies has also increased by 5%, from 0% to 5%. The additional 5% will also be allocated to the federal budget. Furthermore, a limitation has been introduced – this rate will only apply until 2030. After 2030, IT companies will be required to apply the general rate of 25% (Article 284(1.15) of the Russian Tax Code). Additionally, a 5% increase has been introduced for Russian organizations engaged in the radio-electronics industry, raising the rate to 8%. This rate will only be applicable until 2027, and the tax will be allocated to the federal budget (Article 284(1.16) of the Russian Tax Code). Moreover, the tax rate on interest income from government and municipal securities, as well as mortgage-backed bonds, has been increased by 5% to 20% (Article 218(4)(1) of the Russian Tax Code).

Other Changes in Specific Corporate Income Tax Rates

For organizations included in the register of small technology companies, regional laws may establish a reduced corporate income tax rate for the portion allocated to regional budgets in the period from 2025 to 2030 (Articles 284(1.85) to 284(5) of the Russian Tax Code). The tax rate on income from hydrocarbon extraction at new offshore fields has been reduced from 50% to 40%. This rate applies from the 8th to the 12th tax period from the start date of extraction (Articles 284(1.4) of the Russian Tax Code Income from the development of subsurface resources, under certain conditions, is taxed at a 20% rate (Articles 284(1.17) to 284(1) of the Russian Tax Code). Income from oil transportation in the tax periods from 2025 to 2030 will be subject to a 40% tax rate (Articles 284(1.19) of the Russian Tax Code).

A federal investment deduction introduced

In addition to the existing regional investment tax deduction, a federal investment deduction has been introduced (Article 286.2 of the Russian Tax Code). Taxpayers can choose only one of these deductions.

The federal deduction allows companies to reduce their corporate income tax (or advance payments) allocated to the federal budget by covering specific expenses, including:

Acquisition, construction, manufacturing, and delivery of certain fixed assets, as well as bringing them to a usable condition.

Completion, retrofitting, reconstruction, modernization, or technical re-equipment of such fixed assets and/or intangible assets (IA).

This deduction is available to taxpayers whose primary business activity (as listed in the Unified State Register of Legal Entities, EGRUL) falls under one of the following categories:

• Mining
• Manufacturing industries
• Electricity, gas, and steam supply; air conditioning
• Hotel and food service activities
• Scientific research and development
• Telecommunications
• Information technology

A participant in the ERA Technopolis exempted from tax

An entity that has been granted the status of a participant in the ERA Technopolis is entitled to exemption from the duties of an income taxpayer for 10 years (Article 246.1-1 of the Russian Tax Code).

Increased Adjustment Coefficients

The adjustment coefficient applied to expenses related to acquiring the right to use software (SW) and databases has been increased from 1.5 to 2. Additionally, the scope of this coefficient has been expanded to include expenses for acquiring software-hardware systems, as well as for adapting and modifying software and databases (Article 264(1)(26) of the Russian Tax Code). In addition, the coefficient applied to R&D expenses has been increased from 1.5 to 2 (Article 262(1)(4) of the Russian Tax Code).

Extended Exchange Rate Difference Accounting Rules

The current rules for accounting for exchange rate differences have been extended until 2027. Under this rule, exchange rate differences arising at the end of the month are included in expenses/income only at the date of debt repayment (Article 272(7)(6.1) of the Russian Tax Code).

Expanded 0% Tax Rate for Publicly Traded Shares

Effective from January 1, 2025, the 0% rate applies to transactions in traded shares, regardless of the composition of the issuer’s assets, if the taxpayer sells no more than 1% of the total number of shares. Previously, this 0% tax rate was applied only if Russian real estate accounted for no more than 50% of the organization’s assets (Articles 284.2(2) of the Russian Tax Code).

Restrictions on Deductible Expenses for Corporate Income Tax

Expenses on online advertising can no longer be deducted if:

• The advertising information was not submitted to Roskomnadzor.
• The ad was placed on a restricted access resource.
• The ad was placed by a foreign entity that has not complied with Russian legal requirements. (Articles 270(44) of the Russian Tax Code).

Simplified tax system

• Increased Limits for Using the Simplified Tax System (STS)

 

• The income threshold for switching to the simplified tax system has been increased from RUB 12.5 million to RUB 337.5 million (Articles 364.12(2) of the Russian Tax Code). If a taxpayer lost the right to use STS in 2024 due to exceeding the income limit, they may reapply for STS from January 1, 2025, provided their total income for the first nine months of 2024 did not exceed 337.5 million RUB.
• The maximum average number of employees for STS eligibility has been increased from 100 to 130 (Article 346.12(3)(15) of the Russian Tax Code).
• The residual value of fixed assets has been raised from 150 million RUB to 200 million RUB. The value of Russian high-tech equipment is not included in this limit (Article 346.12(3)(16) of the Russian Tax Code).
• The income threshold for continuing to use STS has been increased from 200 million RUB to 450 million RUB (Articles 346.13(4) of the Russian Tax Code). If a taxpayer exceeds this threshold, the STS status will be lost at the beginning of the following month rather than at the beginning of the next quarter as was the case before January 1, 2025 (Article 346.13 of the Russian Tax Code).

Payment of VAT

Starting from January 1, 2025, Simplified Tax System (STS) taxpayers are required to pay VAT if their income exceeds 60 million RUB. Previously, STS taxpayers were exempt from VAT payments regardless of income level (Articles 145(1) of the Russian Tax Code). Now, taxpayers have the option to choose between:

• Applying standard VAT rates, which allows them to claim VAT deductions, or
• Applying reduced VAT rates (5% for income between 60 million to 250 million RUB per year, and 7% for income between 250 million to 450 million RUB per year), but losing the right to claim VAT deductions.

The previously used increased STS rates have been canceled. The standard rates are:

• 6% for the “income” tax base,
• 15% for the “income minus expenses” tax base

(Article 346.20 of the Russian Tax Code).

Other taxes and contributions

Tourist Tax Across Russia

Starting in 2025, a tourist tax will be introduced across all of Russia, replacing the previously existing resort fee, which applied only in certain resort regions. The new tax will apply to both organizations and individuals providing accommodation services to people in establishments listed in a special registry.

• Tax base: The cost of the service excluding VAT.
• The tax rates will be set by municipalities and may vary depending on seasonality and/or the category of accommodation.
• Certain exemptions are provided in the Tax Code for disabled individuals and veterans, and additional exemptions may be determined by municipalities.
• In 2025, the rate cannot exceed 1%. Gradual increases are planned as follows:
  • 2026 – 2%
  • 2027 – 3%
  • 2028 – 4%
  • 2029 and beyond – 5%
• A minimum tax of 100 RUB per day will apply.
• The tax will be paid quarterly, not based on the taxpayer’s registration location, but at the location of the accommodation (property).

Automated STS

The possibility of using the automated simplified tax system has been extended to all regions and will remain in effect until 2027 (Article 6 of Federal Law No. 362-FZ dated October 29, 2024).

Property tax and land tax on high-value properties

For properties taxed based on cadastre value that exceed 300 million RUB, a higher tax rate of 2.5% is introduced (Article 380(1.3) of the Russian Tax Code). Similarly, for land plots with a cadastre value exceeding 300 million RUB, the tax rate has been increased to 1.5% (Article 394(1)(1) of the Russian Tax Code).

Insurance contributions

The limit for applying reduced insurance contribution rates for small and medium-sized enterprises (SMEs) has been raised. The new limit will be 1.5 times the minimum wage (MW), instead of just the single MW (Article 427(1)(17) of the Russian Tax Code).

For SMEs in the manufacturing sector, a unified reduced insurance contribution rate of 7.6% will apply to the portion of salaries exceeding 1.5 times the MW. Centralized religious organizations will be exempt from insurance contributions (Articles 427(1)(23) and 427(2.6) of the Russian Tax Code).

Various types of state fees significantly increased

For transactions involving expensive real estate, the duty will depend on the cadaster value of the property. For legal entities, the fee may be up to 1 million RUB, and for individuals, it may be up to 500,000 RUB.

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The Russian Federal Tax Service has published Methodical Recommendations on the Tax Amnesty for Business Splitting (in Russian) that explain how the tax amnesty will work by answering FAQs.

As you may remember, Law No. 176-FZ dated July 12, 2024[1] granted an amnesty to taxpayers that are willing to abandon business splitting schemes—i.e., dividing a single business activity among several formally independent persons, which will be controlled by the same persons, that is solely or primarily aimed at understating taxes by applying special tax regimes. It is understood that the tax amnesty will apply to the obligation to pay taxes for the tax periods of 2022 to 2024, the relevant penalties and fines for offenses related to business splitting, provided that the taxpayer abandons its intention to split the business in relation to the tax periods of 2025 to 2026. In simple terms, if the taxpayer is applying a business splitting scheme now, then, subject to abandonment of its intention to split the business, starting from 2025, the past periods—i.e., 2022 to 2024—will fall under the amnesty.

Russian courts and tax authorities often qualify splitting a business as one of the ways to obtain an unjustified tax benefit (Article 54.1 of the Russian Tax Code). This risk arises when a single business is divided into several non-independent legal entities so that all or some of the participants in the ‘splitting’ scheme can retain the right to apply a special tax regime. According to the Russian Federal Tax Service, in the period from 2018 to 2023, Russian courts heard 643 cases of business splitting for the purpose of tax evasion, with additional tax assessments totaling RUB 506 billion. Considering that not all cases end up in the court, actual additional tax assessments for this reason were even higher.

If Russian tax authorities discover a business splitting for the purpose of tax evasion, the taxpayer will be additionally assessed:

• taxes under the general taxation system (income tax at a rate of 20%, VAT at a rate of 20%) based on the amount of income of the participants in the splitting;
• late fees for the years, for which additional taxes are assessed; and
• a fine at 40% of the amount of additional tax assessments.

Accordingly, the tax amnesty mechanism provided for in Law No. 176-FZ dated July 12, 2024 enables the taxpayer to abandon its effort to split the business without suffering any tax losses.

A list of ways to voluntarily abandon to split a business is not limited. Importantly, a voluntary abandonment will not entail a mandatory tax audit.

Such a voluntary abandonment may be carried out without changing the business structure or by refusing to apply any special tax regimes or transferring activities to one of the persons of the group. Abandonment may also be carried out by changing the business structure through merging or selling companies. In our practice, we encounter situations where business splitting is used not to devise any tax optimization schemes. Sometimes, as the business grows, companies are set up that are responsible for certain lines of business activities, but have a single decision-making center, and they often share their staff. And for ‘historical reasons’, companies are not always willing to revise their approach to doing business, even if they understand the tax risks involved. That is why we hope that the tax amnesty for business splitting will enable us to safely abandon complex structures both in terms of management and tax administration, and continue to develop the business without fear of claims from the Russian tax authorities.

We would be pleased to help you assess your tax risks and the possibility of applying the tax amnesty. Please send an email to Anton Kabakov or Robert Gurdyumov.

[1]Federal Law No. 176- FZ dated July 12, 2024 On the Introduction of Amendments to Parts I and II of the Russian Tax Code, Certain Legislative Acts of the Russian Federation, and the Invalidation of Certain Provisions of Legislative Acts of the Russian Federation.

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Article by Anton Kabakov for RBC Pro

The law on a tax amnesty for business splitting took effect in July 2024. The law has caused a flurry of claims against the wording of concepts, a lack of detail, and an unclear mechanism of a ‘voluntary abandonment’ of business splitting schemes, which serves as a prerequisite for relieving of liability for any past offenses. Legal circles have voiced concern that the amnesty may miss the mark or seriously stall due to a lack of elaboration and incomprehensibility for taxpayers.

The article will consider the possibilities that will enable you to take advantage of the amnesty. To read the article on the RBC Pro portal (a subscription is required to access it), please follow the link (in Russian).

If you still have questions about obtaining a tax amnesty, please send an email to Anton Kabakov.

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Whether directly or indirectly, but the tax reform will inevitably affect everything that is happening in the company:cash flows, financial performance, budgeting, personal tax burden, owners’ income, and even the HR component of the business and human capital.CFOs are now busy analyzing, planning, and looking for optimal solutions to minimize the blow that the tax reform will inflict on the business.

How taxpayers under the simplified tax system can avoid risks of incurring VAT.

Firstly, it is necessary to analyze the existing contracts made with contractors that are under the simplified tax system as regards determining the contract price and whether there is a clause on its revision if there are any changes in the tax status of the parties or applicable tax laws. If the contract provides for a fixed price that does not cover taxes, and there is no tax clause referred to above, then in order to keep the same price, you will have to agree on a new price with your contractor, effective from the beginning of the next year. If you fail to reach an agreement, then, starting from 2025, the contractor will increase the price by 20, or 5, or 7 percent unilaterally. The judicial practice in such cases is on the seller’s side (Ruling No. 305-ЭС23-26210 of the Russian Supreme Court dated April 4, 2024 in Case No. А40-236292/2022).

 

It is advisable to immediately start including tax clauses in contracts with contractors under the simplified tax system regarding the inclusion of VAT in the price of the contract, regarding the invariability of the price when the contractor becomes a VAT payer at any rate. You may provide for the contractor’s obligation to notify in advance of any change in the tax status and revise prices in this case, and for the customer’s right to unilaterally withdraw from the contract, if no agreement on the price is reached.

Secondly, it is necessary to conduct a more thorough background check of contractors under the simplified tax system that will or may become a VAT payer from the beginning of the year. After all, now such contractors will be become payers of input VAT, the deduction of which may be denied, if Russian tax authorities doubt the counterparty’s good faith, and the customer will not be able to confirm the exercise of due diligence when choosing a counterparty,” said Natalia Vorobyeva, Senior Associate, Forte Tax & Law.

CFOs fear that the tax amnesty will be followed by a period of active fight against business splitting, and they are careful in assessing even minimal risks. The key questions are whether the business structure falls under the concept of splitting and how much the company risks remaining under the simplified tax system. To decide whether to take advantage of the tax amnesty, you need certainty in assessing the risk of further charges.

When assessing the amount of risks, you should not leave out fines and legal costs. It is necessary to assess the amount of possible additional tax assessments, fines, and court costs and, on the basis of this calculation, to consider the possibility of switching, from the beginning of 2025, to a structure that excludes the risk of splitting. The company can partially take advantage of the tax amnesty, if it transitions to the general taxation system at least some of the elements of the business structure that are most likely to cause questions on the part of Russian tax authorities,” recommended Natalia Vorobyeva.

To read this article, click here (in Russian).

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On April 26, 2024, the Russian Ministry of Justice registered Order No. 35н of the Russian Ministry of Finance dated March 28, 2024, which approved a Special List of States and Territories that provide Preferential Tax Treatment and/or do not require the Disclosure and Provision of Information when Financial Transactions are Conducted (Offshore Zones).

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On April 18, 2024, the Kommersant Publishing House, jointly with Forte Tax & Law and several other experts, held Tax Conference 2024 that brought together leading Russian lawyers, consultants, and officials.

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The online media outlet Pravo.ru published a regular article on the key tax changes that occurred last month. In this article, Nadezhda Danilenko, Senior Associate at Forte Tax & Law, shared her expert opinion on the tax events of March 2024.

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Effective from April 1, 2024, it is no longer required to submit documents to the bank with respect to foreign trade transactions, the value of which does not exceed RUB 1 million.

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