Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 3.09.2009

Letter of the Federal Tax Service No. ShS-22-3/672@ of August 31, 2009 on the Procedure of Application of the Provisions of the Federal Law No. 204-FZ of July 19, 2009

According to the amendments introduced in the Tax Code of the Russian Federation, the limiting amount of taxpayer incomes permitting to switch over to the simplified system of taxation is increased from Rbl 15 million to Rbl 45 million. The amount of annual incomes for this purpose is also increased from Rbl 20 million to Rbl 60 million.

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