The Russian government is embarking on a major tax reform which will cost the
country’s budget up to 200bn roubles (?4.3bn) in new tax breaks.
Arkady Dvorkovich, the top economic adviser to Russian President Dmitry
Medvedev and an advocate of major fiscal reform, told newsagency
the new tax break proposals will be drafted by August 1 may take effect from
The tax overhaul follows a proposal passed by the Russian government to
reduce the mineral extraction tax on oil, a decision which is expected to
bolster earnings for oil companies by more than 100bn roubles a year.
Oil companies say the tax burden on the industry at present, amounting to
62%, is too high and discourages investment in exploration, leading to a major
slowdown in Russian oil output growth after a decade of considerable growth
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay