Russia | Tungsten Network https://www.tungsten-network.com The journey to world-class starts here. Tue, 02 Aug 2022 14:07:41 +0000 en-GB hourly 1 https://wordpress.org/?v=5.9.3 Launch of the online Simplified Tax System (STS) https://www.tungsten-network.com/compliance-overview/country-updates/country/russia/launch-of-the-online-simplified-tax-system-sts/ https://www.tungsten-network.com/compliance-overview/country-updates/country/russia/launch-of-the-online-simplified-tax-system-sts/#respond Fri, 12 Nov 2021 00:00:00 +0000 https://www.tungsten-network.com/compliance-overview/country-updates/country/%country%/launch-of-the-online-simplified-tax-system-sts/ The Russian Ministry of Finance (MinFin) recently published the General Tax Policy Guidelines for 2022-2024. One of the items highlighted within this relates to the launch of the online simplified tax system (STS)- viewed as a major overhaul of the tax administration. The STS will take on tax accounting, and be accessible to micro-enterprises with: […]

The post Launch of the online Simplified Tax System (STS) first appeared on Tungsten Network.]]> The Russian Ministry of Finance (MinFin) recently published the General Tax Policy Guidelines for 2022-2024. One of the items highlighted within this relates to the launch of the online simplified tax system (STS)- viewed as a major overhaul of the tax administration.
The STS will take on tax accounting, and be accessible to micro-enterprises with:

  • A headcount of no more than five, and
  • Annual revenues of no more than RUB 60 million.

The tax authorities will not however take over all fiscal obligations- they will not keep or fill out tax returns. Enterprises will remain responsible for calculating the tax, based on data from cash registers and bank accounts.

The post Launch of the online Simplified Tax System (STS) first appeared on Tungsten Network.]]> https://www.tungsten-network.com/compliance-overview/country-updates/country/russia/launch-of-the-online-simplified-tax-system-sts/feed/ 0 Mandatory e-invoicing for ‘traceable’ goods from 1st July 2021 https://www.tungsten-network.com/compliance-overview/country-updates/country/russia/mandatory-e-invoicing-for-traceable-goods-from-1st-july-2021/ Sun, 08 Aug 2021 22:00:00 +0000 https://www.tungsten-network.com/compliance-overview/country-updates/country/%country%/mandatory-e-invoicing-for-traceable-goods-from-1st-july-2021/ From 1st July 2021, Russia will introduce mandatory e-invoicing for taxpayers dealing with traceable goods. Certain goods such as refrigeration and freezing equipment, will be deemed to be traceable goods. From 1st July 2021, invoices for these goods must be electronic. Under the traceability system, each consignment of goods would be assigned a registration number during […]

The post Mandatory e-invoicing for ‘traceable’ goods from 1st July 2021 first appeared on Tungsten Network.]]> From 1st July 2021, Russia will introduce mandatory e-invoicing for taxpayers dealing with traceable goods. Certain goods such as refrigeration and freezing equipment, will be deemed to be traceable goods. From 1st July 2021, invoices for these goods must be electronic.

Under the traceability system, each consignment of goods would be assigned a registration number during import. Businesses within the scope of the traceability system would need to include the registration number in their invoices.

The post Mandatory e-invoicing for ‘traceable’ goods from 1st July 2021 first appeared on Tungsten Network.]]> Mandatory e-invoicing for ‘traceable’ goods from 1st July 2021 https://www.tungsten-network.com/compliance-overview/country-updates/country/russia/mandatory-e-invoicing-for-traceable-goods-from-1st-july-2021-2/ https://www.tungsten-network.com/compliance-overview/country-updates/country/russia/mandatory-e-invoicing-for-traceable-goods-from-1st-july-2021-2/#respond Sun, 08 Aug 2021 21:00:00 +0000 https://www.tungsten-network.com/compliance-overview/country-updates/country/%country%/mandatory-e-invoicing-for-traceable-goods-from-1st-july-2021-2/ From 1st July 2021, Russia will introduce mandatory e-invoicing for taxpayers dealing with traceable goods. Certain goods such as refrigeration and freezing equipment, will be deemed to be traceable goods. From 1st July 2021, invoices for these goods must be electronic. Under the traceability system, each consignment of goods would be assigned a registration number during […]

The post Mandatory e-invoicing for ‘traceable’ goods from 1st July 2021 first appeared on Tungsten Network.]]> From 1st July 2021, Russia will introduce mandatory e-invoicing for taxpayers dealing with traceable goods. Certain goods such as refrigeration and freezing equipment, will be deemed to be traceable goods. From 1st July 2021, invoices for these goods must be electronic.

Under the traceability system, each consignment of goods would be assigned a registration number during import. Businesses within the scope of the traceability system would need to include the registration number in their invoices.

The post Mandatory e-invoicing for ‘traceable’ goods from 1st July 2021 first appeared on Tungsten Network.]]> https://www.tungsten-network.com/compliance-overview/country-updates/country/russia/mandatory-e-invoicing-for-traceable-goods-from-1st-july-2021-2/feed/ 0