Overview of tax events for December 2015
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The Russian President has signed a law that will improve VAT refunds under the declarative regime. In particular, there has been a reduction from RUB 10 billion to RUB 7 billion in terms of the minimum amount of taxes paid in the three calendar years preceding the year in which the application is filed for the right to use the declarative regime.
The Russian President signed an Order, according to which Russia will suspend, starting from 1 January 2016, the Commonwealth of Independent States Free Trade Zone Agreement with regard to Ukraine. One of the important provisions of the Agreement is that the countries which are parties to the Agreement apply to each other national regimes with regard to domestic taxes, duties, laws and rules relating to the sale and purchase, transportation, distribution, use and processing of goods on the domestic market.
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The Russian President signed an Order, according to which Russia will suspend, starting from 1 January 2016, the Commonwealth of Independent States Free Trade Zone Agreement with regard to Ukraine. One of the important provisions of the Agreement is that the countries which are parties to the Agreement apply to each other national regimes with regard to domestic taxes, duties, laws and rules relating to the sale and purchase, transportation, distribution, use and processing of goods on the domestic market.
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