Country News

SCHNEIDER GROUP experts have prepared a comprehensive checklist for financial department officers and company management in preparation for the year-end closing.

From 2025, the obligation to pay VAT will be introduced for taxpayers whose income exceeds RUB 60 million per year.

Changes in accounting legislation include a new law on public procurement and the approval of Rules for notifying personal data Subjects of a violation of personal data security.

Russia plans to exclude EU countries from the list of states for the exchange of country reports, which will entail additional reporting obligations for international companies.

Changes in tax legislation include a reduction in the property tax rate, exemption from submitting income declarations, edits and additions to registration in the ESF IP.