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Officials Declare: Taxes Can Wait

 18.06.09
Officials have proposed authorizing the tax inspection to grant delays or deferments to companies in making regional tax payments. The State Duma received a bill last week proposing related amendments to Article 63 of the Russian Tax Code. Currently, the Tax Code states that the decision to delay or defer tax payments must be made by the Federal Tax Service. Earlier the Ministry of Finance only agreed to give deferrals to large companies. In a meeting with the President, it was decided that large companies could negotiate with the Ministry of Finance and defer the payment of their back taxes for up to five years.
Article 64 of the Tax Code does allow for the deferral of taxes for up to one year, but this is hardly ever put into practice. Now the crisis has forced all businessmen, large and small, to seek protection under the system. meet.
Translated by Alinga Consulting Group.
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