- From January 1, 2025, organizations and individual entrepreneurs using the simplified tax system (STS) will be recognized as VAT payers, with detailed guidelines provided by the Federal Tax Service (FTS).
- The guidelines clarify new VAT rules for STS payers, including transition procedures, calculation of taxable income, VAT rates, handling ongoing contracts, declaration deadlines, and input VAT recovery.
- The FTS launched a “Taxes 2026” webpage summarizing key tax law changes effective from 2026.
- From January 1, an updated system for assessing the financial and business activities of legal entities and individual entrepreneurs by tax authorities is in effect, with expanded FTS powers and electronic services for obtaining assessment results.
Source: c-inform.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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