Category: Your expert

Expert opinion on upcoming changes in tax legislation On January 1, 2025, a new chapter 33.1 "Tourist tax" will enter into force in the Tax Code of the Russian Federation. This is a significant event for the tourism industry, as the new tax will replace the experimental tourist tax in some regions. The Federal Tax Service (FTS) has already prepared a draft order on the introduction of a new tourist tax return, which is published on the portal of draft regulatory legal acts. What is a tourist tax? The tourist tax will become an additional source of income for municipalities. The regions will have the right to independently decide whether to introduce this tax on their territory. The funds raised will be credited to the budgets of municipalities and directed…

From February 1, 2025, new requirements for the mandatory use of cash register equipment (KKT) come into force for organizations and individual entrepreneurs operating in the territories of the Donetsk and Lugansk People's Republics, Zaporizhia and Kherson regions. This requirement is based on the provisions of Federal Law No. 54-FZ of May 22, 2003 "On the Use of Cash Register Equipment in Making Payments in the Russian Federation" (hereinafter - Law No. 54—FZ), which regulates the procedure for the application of KKT in Russia. Basic requirements and transition deadlines According to Article 7.2 of Law No. 54-FZ, all organizations under the general taxation regime are required to begin applying the CCT when making payments from February 1, 2025. This applies to both large enterprises and small businesses. However, the Government…

In the modern business world, companies are constantly looking for ways to optimize the tax burden. One of these methods is business fragmentation, in which the company's activities are artificially divided into several legal entities or individual entrepreneurs. At first glance, this seems like a reasonable way to save on taxes, but there are serious risks behind it. What is business fragmentation? Business fragmentation is the division of a single company into several entities in order to obtain tax benefits. For example, an organization may create several subsidiaries or individual entrepreneurs, each of which applies a preferential tax regime. As a result, the total income tax is reduced, since each entity pays less taxes compared to what a single structure would have to pay. However, when such a division is…

Since July 25, 2024, our financial system has faced major changes in the processing of bank transfers aimed at combating fraud. Let's tell you how this will affect you and your business. In the first quarter of 2024, the volume of fraud damage increased by 400 million rubles compared to the previous quarter, reaching 4.3 billion rubles. In order to strengthen the protection of client funds, the law "On the National Payment System" was amended, requiring banks to check each transfer for signs of fraud. Key signs of fraudulent transfers: Accounts in special registers of the Central Bank. The use of accounts detected in fraudulent schemes. Transactions from devices belonging to scammers. Atypical transactions by amount, frequency, or time. If the bank identifies the transaction as suspicious, it will be…

Starting from January 1, 2025, a progressive personal income tax (personal income tax) scale will be introduced in Russia. The new law signed by President Vladimir Putin sets the following rates: Up to 2.4 million rubles per year — 13%. From 2.4 to 5 million rubles — 15%. From 5 to 20 million rubles — 18%. From 20 to 50 million rubles — 20%. Over 50 million rubles — 22%. The increased rates will only apply to the amount exceeding the established thresholds. Exceptions and features The changes will not affect payments to participants of their allowances for workers in the Far North and other difficult climatic conditions. For taxpayers controlling five or more foreign companies (CFC), a fixed amount of profit is introduced to pay personal income tax —…

Starting from July 1, 2024, the amount of state duties for the issuance of documents for the employment of foreign citizens will change in Russia. According to Federal Law No. 539-FZ of 11/27/2023, the amount of the state fee for permission to attract foreign workers increases from 10 thousand to 12 thousand rubles. The state fee for a work permit will increase from 3,500 to 4,200 rubles, and for an invitation to enter the Russian Federation – from 800 to 960 rubles for each invited person. In addition, Federal Law No. 648-FZ of 12/25/2023 came into force, according to which enterprises subordinate to the Ministry of Internal Affairs will be established in a number of regions. They will be engaged in fingerprint registration, photographing and receiving documents for registration of…

A webinar for taxpayers was held in Moscow on the topic "Control over the use of cash registers, the branch project "public catering" in the "Environment for your own" space. On June 28, 2024, at 13.00, a webinar was held organized by the International Women's Union for taxpayers on the topic "Control over the use of CCT, an industry project "public catering", which was conducted by an employee of the Federal Tax Service of Russia No. 28 in Moscow. The speaker was Vasily Alexandrovich Baryshov, Head of the Department of Operational Control of the Federal Tax Service of Russia No. 28 in Moscow. Vasily Alexandrovich spoke in detail about the organization of work in order to achieve the targets within the framework of the project to eliminate unfair behavior in the…

In 2025, Russia is entering a new era of taxation with the introduction of a progressive scale of taxes on personal income. This change marks a significant shift from the fixed rate of 13%, which has been in effect for more than two decades, to a more complex system designed to increase tax revenues and reduce social inequality. In this article, we will look at the structure of the new system and present specific examples of its application. The new tax scale The progressive tax scale, which will be introduced in Russia from 2025, provides for the following rates: Incomes of up to 2 million rubles per year will be taxed at a rate of 13%. Income from 2 million to 5 million rubles — at a rate of 20%.…

As we approach the summer of 2024, there is an important deadline for individuals who have accounts in foreign banks and money in foreign e-wallets. Under Russian law, such individuals are required to file a notification of their foreign financial assets with the Russian Federal Tax Service (FTS) at their place of residence. The usual deadline for filing the report is 1 June of the year following the reporting year, but in 2024 the last day for filing the report is postponed to 3 June, as 1 June falls on a holiday. Who is obliged to submit the report? The obligation to submit a report includes: Russian residents; Individual entrepreneurs; Foreign citizens who have a residence permit in Russia. This requirement applies to account holders, regardless of the volume of…

As part of the ongoing efforts to support the tourism industry, the Government of the Russian Federation is making changes to the taxation of services provided in hotels and hotels. Starting from September 1, 2024, a zero rate of value added tax (VAT) has been introduced for a number of services, which should contribute to the more active development of tourist infrastructure and the creation of attractive offers for vacationers. The innovation affects a wide range of services in the hotel sector, which will now be exempt from VAT. These services include: Gym services Spa services, including access to the pool Cosmetic procedures Visit to the bathhouse Internet access services Rent of conference rooms Secure parking services These measures are aimed at improving the competitiveness of hotels, increasing their attractiveness…