The document is intended to make comprehensive changes in the parameters of the Russian tax system. In particular, it provides for amendments affecting a personal income tax (a five-stage progressive taxation scale is introduced: 13, 15, 18, 20 and 22 percent depending on the taxpayer’s annual income) and a corporate income tax. The changes also concern some tax deductions, the amount of stamp duties, excise tax rates, corporate property tax, insurance premium rates, and the terms of applying simplified taxation. The law also introduces a new tourism tax, which will replace the resort fee.
Most of the amendments will be effective as of January 1, 2025.