On 29 December 2020, Russia has published Federal Law No 476-FZ which amended the thresholds for mandatory tax audit with effect from 1 January 2021. The Federal Law increased the turnover threshold in the previous year to RUB 800 million (previously 400 million) and asset value threshold to RUB 400 million (previously 60 million).
Related Posts
Russia: Government proposes VAT calculation changes
August 10, 2026
The Government of the Russian Federation has submitted draft legislation to amend Article 168 of Part Two of the Tax
Read More
EU unleashes broad trade defence campaign targeting China, Russia, and now US Biofuels
August 03, 2026
The European Union executed a significant protectionist shift this week, defined by a sustained and escalating campaign
Read MoreRussia: CBR lowers key rate used for tax interest calculations
July 29, 2026
The Central Bank of Russia (CBR) has reduced the key interest rate from 14.5% to 14.0% on 24 July 2026. The CBR’s
Read MoreRussia introduces simplified procedure for online tax notifications
July 27, 2026
The Russian Federal Tax Service has announced that a simplified procedure for delivering tax notifications through the
Read MoreRussia proposes new PIT deduction for young professionals in key sectors
July 22, 2026
A draft law has been submitted to the Russian State Duma proposing the introduction of a new individual income tax
Read More
Germany announces suspension of double taxation treaty with Russia
July 15, 2026
Germany has notified Russia that it will suspend the agreement of 29 May 1996 between the two nations for the Avoidance
Read More