Tax Code will be updated. Same as individuals, Russian companies and businessmen will get the possibility to pay taxes and contributions via a so called “unified tax payment”.
A unified tax payment is a deposit voluntary made by a company to the budget of the Russian Federation. The tax authorities will use the deposited money to pay taxes, social and other contributions as well as penalties on behalf of the company.
Excessively paid taxes and contributions will be deposited as the unified tax payment and used to offset future taxes.
It is allowed that a third party makes a unified tax payment on behalf of a company.
To start using the unified tax payment regime, a company shall make the reconciliation of settlements with the tax authority.
A company may ask the authority to return the unified tax payment to the company.
The new law is expected to enter into force on January 1, 2022.