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Overview of tax events for July 2015

10.08.2015
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The final version of the Main Directions of Tax Policy for the years 2016 to 2018 was published on the website of the Russian Ministry of Finance.

Russia is preparing proposals for the BRICS countries regarding a set of measures that would encourage employers to pay official salary and social taxes, Russian President Vladimir Putin has announced.

A law was adopted on the free seaport of Vladivostok. The relevant regime will be applied in 15 municipalities of Primorsky Region for a minimum of 70 years. In addition to tax benefits and the free customs zone regime, additional protection is promised to residents of the seaport, with the managing company being able to file claims on their behalf. The changes are intended to form a tax regime that will be more favourable than that of Asia-Pacific countries.

The Russian Prime Minister has instructed the Ministry of Finance, Ministry of Economic Development and Ministry for the Development of the Far East to amend the Tax Code and other regulatory instruments by 1 November with a view to granting tax incentives to investors in the Far East. The Ministries are to work out legislative amendments to provide tax preferences to parties engaged in tourism and recreational activities in the region.
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