A. V. Milyaev Review of Major Changes in the Tax Legislation of Russia in 2014

Abstract: Since the beginning of the year 2014, a number of important changes — the order of payment and collection of taxes and fees, off-site tax audits, tax prosecution– were introduced in the tax legislation. Some changes are connected with calculation and payment of specific taxes: VAT, personal income tax, excise tax, transport tax, property tax, and special tax regimes. The changes that took effect from mid-2014 include: new procedure for informing about the opening and closing of accounts with credit institutions; payment of property tax by entities applying the special tax regime of the single tax on the imputed income; new procedure for registration of organizations. The methodological basis of the study encompasses federal laws and legal acts of public authorities, elucidatory letters on tax changes in 2014 of the Ministry of Finance and FTS of Russia. The study uses methods of comparison, compilation, analysis and synthesis, as well as other methods. The conducted analysis makes it possible to outline forms and areas of reform in the tax control and administration in Russia. Also, the study describes the calculation and payment of basic Russian taxes in the current and short-term period. The obtained results can be used by accountants, auditors and other professionals dealing with taxation issues in their everyday business practice.

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