The Ministry of Finance of the Russian Federation has prepared a draft law amending Parts One and Two of the Tax Code of the Russian Federation to implement the provisions of the main tax policy guidelines (draft ID 154001).

The draft contains numerous amendments. It is proposed, inter alia:

  1. Establish that if the last day for the payment of tax falls on a non-working day, the deadline is postponed to the previous working day. For fees, insurance contributions and reporting, the same procedure for setting deadlines for payment and submission will be retained.
  1. Cancel the submission of notices of property taxes and personal income tax and insurance contributions in respect of periods for which a taxpayer has previously submitted such a notice with the amounts of personal income tax and insurance contributions planned to be paid in those periods.
  2. Extend the rule limiting the reduction of the tax base of the current period by the amount of losses received in previous tax periods until 2030.
  3. Expand the perimeter of tax monitoring by abolishing the mandatory compliance of a candidate for tax monitoring with three established criteria (revenue volume, size of assets, amount of taxes paid) at the same time.

It is planned that an organization will be able to switch to tax monitoring if at least one of these conditions is met. Also, in the event of reorganization, a new legal successor will be able to start tax monitoring without complying with the sum conditions.

Recall that the sum criteria for tax monitoring are as follows:

  1. The total amount of taxes and insurance contributions for the previous year amounted to at least RUB 80 million;
  2. Revenues according to accounting statements for the previous year amounted to at least RUB 800 mln;
  3. The book value of assets as of December 31 of the previous year was at least 800 million rubles.

As of today, the draft law has not yet been submitted to the Russian Government for consideration.