Russian Tax Reform: What Will It Mean for Businesses and Citizens?
The Government has approved the Ministry of Finance's draft bill introducing amendments to the 2024 federal budget law and the planned budgets for 2025 and 2026, alongside changes to the Tax and Budget Codes. The tax amendments are expected to generate an additional 2.6 trillion roubles in federal budget revenues in 2025.
What will these changes mean for businesses and individuals? We invite you to discuss this at EPAM Law’s business breakfast dedicated to Russia’s upcoming tax reform.
Discussion Topics*
- Increase in corporate profit tax from 20% to 25%; introduction of an investment tax deduction
- Amnesty for «business splitting» schemes
- VAT introduction for businesses on the simplified taxation system
- Progressive personal income tax rates and revised taxation of investment income
- New rules for the fixed profit tax payment for Controlled Foreign Companies (CFCs)
Speakers
- Sergey Kalinin, Partner, Head of Tax Practice, EPAM Law
- Anastasia Berman, Senior Associate, Tax Practice, EPAM Law
- Torez Kulumbyegov, Senior Associate, Tax Practice, EPAM Law
