The Future of Russia’s Tax System: Stepping Up to the Challenge
The new business environment has set the stage for changes in the tax system, and new, convenient services and options are making tax administration easier. These changes have primarily affected small and medium-sized enterprises as last year it became compulsory for businesses to do their accounting electronically. In addition, new rules concerning the use of cash registers have led to the withdrawal of uniform tax on imputed income, and have encouraged companies to become fully legitimate. However, the introduction of labelling rules is making it impossible to apply certain special tax regimes, which is increasing the tax burden on businesses. What tax policy is needed to spur business growth? How might digitalization change relations between businesses and government bodies, and improve tax efficiency? What can be done to ensure effective administration without suffocating businesses?
