Kept presents its traditional review of tax developments for the year.
The year 2024 will be remembered for large-scale tax innovations. You are well aware of the key changes: increased income tax rate, introduction of a full-fledged "progression" of the personal income tax, modernization of the simplified tax system, etc.
The growing needs of the budgetary system are the main driver of tax changes. In the baseline scenario used to draft the federal budget 2025–2027, the government does not expect any significant changes in geopolitical conditions. This means that we need to be prepared for the trend of rising taxes to continue in the near term.
At the same time, the government promised to pursue a more predictable tax policy and the stability of tax legislation after major changes. Temporary anti-crisis tax measures are also becoming a thing of the past.
Tax changes have increased the interest of business to tax stabilization instruments – stabilization clauses, which are provided by the tax regime of special investment contracts (SPICs), investment protection and promotion agreements (IPPAs) and special economic zones (SEZs). Such clauses in the Tax Code of the Russian Federation establish long-term tax conditions, allowing investors to make long-term plans.
A unique form of tax control – tax monitoring – allows avoiding tax disputes with tax authorities. Tax monitoring saves taxpayers from exhausting tax audits, and possible disagreements with tax authorities can be resolved at a very early stage of tax control, avoiding fines and penalties.
We believe that organizations and businessmen should be informed about the adopted changes in tax regulations in time to take them into account in their work. We have tried to make our overview as comprehensive and useful as possible so that you learn more about the main changes to the tax system.
