Profit tax Federal Law No. 325-FZ, dated 29 September 2019
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The depreciation method is selected for a period of five years and remains unchanged over that period
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The 50% limit on historical losses has been extended to 31 December 2021.
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Losses from previous years received in the period of zero rate application cannot be carried forward to future tax periods.
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Investment tax deduction will be possible to declare on fixed assets of groups 8-10, except for buildings, constructions, transfer devices.
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A successor to a reorganised organisation may only reduce the tax base for losses incurred prior to reorganisation provided that the main purpose of the reorganisation was not to reduce the tax base for losses incurred prior to the reorganisation.
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A threshold has been determined for the initial value of the depreciable property of the intellectual property that is used to generate income. It equals 100,000 rubles.
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The concept of a mutual agreement procedure used to resolve disputes over the taxation of income, profits and property under international treaties on avoidance of double taxation has been established. The procedure may be initiated by both the taxpayer and the competent authority of the foreign state.
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Dividends received by a company from sources abroad are included in taxable income, regardless of whether taxes on such income were paid to the foreign budget.
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New rules for the payment of income abroad have been introduced: in 2020, the Convention on BEPS Action will come into force. In the event that income is paid to residents of states that ratified the Convention, this document may impede the application of tax exemptions related to income tax, if tax authorities have reasons to believe that obtaining the exemptions was the main purpose of a transaction
Changes regarding VAT
New formats of invoices and universal transfer documents are mandatory. New electronic formats were approved by the Order of the Federal Tax Service No.MMV-7-15/820@ dated 19.12.2018.
The right to deduct input VAT on goods, works, services and property rights acquired to create intangible assets shall arise once they have been accounted.
Property tax Federal Law No. 325-FZ, dated 29 September 2019
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Companies shall pay property tax on all property with cadastral value included in the list of taxable property in regional legislation, including property that companies manage by right of operational management or that was received under a concession agreement.
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There are different types of real estate property subject to property tax: property for which tax base is determined as the average annual value of property, property for which tax base is determined as the cadastral value of property. Special aspects of determining tax items that were stipulated earlier for foreign organisations have become invalid, i.e. foreign organisations shall keep accounting of tax objects in accordance with accounting rules of the Russian Federation.
OTHER CHANGES:
