Overview of tax events for July 2022

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Regulatory developments

The Russian President has:

  • signed a law allowing, from 1 January 2023, all taxes to be paid in a single payment; they will be reflected on a single account;

  • signed the law on the specifics of the taxation of digital assets;;

  • signed the law on measures of tax support for citizens and businesses under sanctions;

  • signed the law on the unification of the Russian Pension Fund and the Social Insurance Fund into a single social fund;

  • approved the list of instructions following the results of the XXV St Petersburg International Economic Forum.

In order to implement certain provisions of the main directions of the budget, tax and customs tariff policy for the period 2022-2024, the Ministry of Finance has prepared a draft law, providing for a number of tax innovations aimed at improving the efficiency of the tax system.

The Russian Federal Tax Service has approved a new list of states (territories) with which the automatic exchange of financial information is carried out (Order No. ED-7-17/450@dated 27 May 2022)



Following the tax monitoring that has been working for ten years, customs monitoring will also appear in Russia - so far in experimental mode.

The Russian Federal Tax Service has approved the format of the reconciliation statement in electronic form.

The Russian Federal Tax Service has detailed how control will be exercised over software developers who have been specially singled out from large groups to receive industry benefits. The service promised not to impose punishment for the employment of employees in an affiliated IT company (see also info on the website of the Russian Ministry of Finance).

A pilot project on the information exchange of data on the movement of goods subject to traceability on the territory of the EAEU will start on July 1.

Russia will not unilaterally terminate the agreement on the avoidance of double taxation with Switzerland, said Deputy Finance Minister Alexey Sazanov.

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