• Exemption of certain categories of taxpayers from payment of the tax. For example, in accordance with
Article 145 of the Tax Code of the Russian Federation, companies and individual entrepreneurs are entitled
to exemption from the duties of calculation and payment of the VAT, provided during the previous three
consecutive calendar months, the amount of revenue from sale of goods (works, services) of these entities
and individuals did not exceed two million rubles without VAT totally.
• Release of individual objects from taxation (tax exemptions). For example, Article 217 of the Tax Code of
the Russian Federation provides a wide range of revenues that are not subject to personal income tax
(government allowances, pensions, scholarships, compensation payments, grants, lump-sum payments,
etc.).
• Lowering the tax rate. In the Russian Federation, the basics VAT rate is 18%. However, in some cases
stipulated by Article 164 of the Tax Code of the Russian Federation, the tax is paid at the reduced rate of
10%. The basic personal income tax rate equals to 13%, but for the income of individuals who are tax
residents of the Russian Federation the rate is reduced to 9% (Article 224 of the Tax Code of the Russian
Federation).
• Tax deductions. This relief assumes exception of certain amounts from the tax base (available for such
taxes as the VAT, the personal income tax, and excise taxes).
• Change in the frequency of payment of the tax (deferrals, payment in installments, and an investment tax
credit).
• Exemption of certain categories of taxpayers from payment of the tax. For example, in accordance withArticle 145 of the Tax Code of the Russian Federation, companies and individual entrepreneurs are entitledto exemption from the duties of calculation and payment of the VAT, provided during the previous threeconsecutive calendar months, the amount of revenue from sale of goods (works, services) of these entitiesand individuals did not exceed two million rubles without VAT totally.• Release of individual objects from taxation (tax exemptions). For example, Article 217 of the Tax Code ofthe Russian Federation provides a wide range of revenues that are not subject to personal income tax(government allowances, pensions, scholarships, compensation payments, grants, lump-sum payments,etc.).• Lowering the tax rate. In the Russian Federation, the basics VAT rate is 18%. However, in some casesstipulated by Article 164 of the Tax Code of the Russian Federation, the tax is paid at the reduced rate of10%. The basic personal income tax rate equals to 13%, but for the income of individuals who are taxresidents of the Russian Federation the rate is reduced to 9% (Article 224 of the Tax Code of the RussianFederation).• Tax deductions. This relief assumes exception of certain amounts from the tax base (available for suchtaxes as the VAT, the personal income tax, and excise taxes).• Change in the frequency of payment of the tax (deferrals, payment in installments, and an investment taxcredit).
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