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Principal Directions According To The “Roadmap”: What To Expect From The "Reset" Of Tax Administration
Within the framework of the national business initiative for the improvement of the investment climate in Russia, the authorities approved a number of measures ("roadmaps") for simplifying and optimizing current business procedures. The Federal Tax Service (FTS) has been assigned to oversee implementation of the “Optimization of the Tax Administration” roadmap.
Among other goals of the document, for example, is a decrease in the time need to prepare and submit a tax declaration from the current 177 hours (which is not bad in itself) to 160 hours next year. By 2018, this number will drop to 150 hours per year. As a result, accompanying accounting expenses will decrease for small business.
To achieve this, the FTS intends to switch to a new publication schedule for new accounting standards for public access – announcing them not less than six months prior to standards coming into force. New forms and formats of tax accounting – will be announced not less than two months before coming into force. It is proposed that, if publication of a new standard was delayed, taxpayer’s responsibility for violating them will be eliminated.
According to the proposed amendments, deadlines for submitting all types of tax accounting will be placed at five days after the tax due date (10 days for electronic accounting).
From the beginning of 2013 the tax service began to publish agreements used by tax authorities for fiscal audits. Earlier these agreements carried a label “For Official Use Only”; now taxpayers themselves are able to check their tax declarations for errors and, using legitimate measures, conduct their business in such a way so as to avoid tax audits.
Moreover, the "roadmap" includes such measures as:
Translated by Alinga Consulting Group.
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