Business programme

The Future of Russia’s Tax System: Stepping Up to the Challenge

03 Jun , 15:00–16:15
Delivering on National Development Targets
Pavilion G, conference hall G1

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?

Moderator
Andrey Makarov, Chairman of the Committee on Budget and Taxes, The State Duma of the Federal Assembly of the Russian Federation

Panellists
Daniil Egorov, Head, Federal Tax Service of Russia
Maksim Reshetnikov, Minister of Economic Development of the Russian Federation
Anton Siluanov, Minister of Finance of the Russian Federation
Tadzio Schilling, Chief Executive Officer, Association of European Businesses

Front row participants
Igor Lotakov, Country Managing Partner in Russia and Eurasian countries, PwC
Petr Medvedev, Partner, Global Tax Leader for Government, Public and Healthcare Sector, EY
Mikhail Orlov, Partner, Head of Tax and Legal, KPMG in the CIS

Broadcast