Russia. Tax and legal news. January 2022.

Unified tax payment for legal entities and individual entrepreneurs

From 1 July 2022 to 31 December 2022, legal entities and individual entrepreneurs may use a special procedure for paying taxes, fees, insurance premiums, fines and penalties as part of the experiment.

• As part of the experiment, legal entities and individual entrepreneurs will be able to pay taxes, fees, insurance premiums, fines and penalties simultaneously by transferring a single payment.
• To participate in the experiment, an application must be submitted in April 2022. Prior to this, the applicant must reconcile the relevant accounts with the tax authorities.
• The initiative aims to simplify settlements with companies. The total amount can be transferred to a unified tax account of the Federal Treasury and the tax authority will independently distribute the funds received to the destination.

At the end of December, a draft law that will make the Unified tax payment compulsory from 2023, was introduced in the State Duma.

We consider the envisaged amendments a good progress to more efficiency of the Russian tax system.