... countries, allowing foreign investors to avoid double taxation on their income. Investment agreements with the government. Such agreements may provide for individual tax incentives for major investors. Tax incentives are an effective way to reduce the tax burden and enhance the profitability of business or investments. In Russia, numerous incentives exist for various categories of entrepreneurs and investors. For example, Open Oil Market , as a Skolkovo resident, benefits from significant advantages, including exemption from ...

... items are largely paper-based: they reflect current revaluation and accounting rules rather than the movement of real money. Nevertheless, they impact reported net loss or profit and the amount of retained earnings, which depend on potential dividends. Profit Tax and Deferred Taxes: Impact on Net Result A significant role in Gazprom's final result was played by the profit tax—more precisely, its absence. For January–June 2025, the company reflected a positive balance of profit tax of +21 billion rubles....

... the total dividend income of the recipient exceeds 5 million rubles per year, then a tax rate of 15% applies to the excess amount. Individuals— non-residents of the Russian Federation: 15% PIT on all received dividends. Russian organizations: 13% profit tax on received dividends. (A 0% rate applies if, at the time of the decision, the owner company has continuously held at least 50% of the capital of the company paying dividends for at least a year.) Foreign organizations: 15%. Reduced rates may apply ...

... refunds. Under GTS, companies can claim VAT refunds, which is particularly relevant for organizations working with large corporate clients or exporting goods. Ability to account for all expenses. All verified expenses can be considered when calculating profit tax, allowing for a reduction in taxable base. Disadvantages of GTS: Complex reporting. GTS requires more complex accounting and reporting procedures, including VAT and profit tax declarations. High tax burden. GTS involves a profit tax (20%), VAT (usually ...

... regional budgets: 74.9% of the excise tax revenue on gasoline and diesel goes to Russian regions. In fact, the current indexing of prices is one of the ways to support regional budgets, which may face difficulties due to losses from corporate income tax. According to Rosstat data, the balance of profits and losses for wholesale and retail trade enterprises in the first four months of 2024 decreased by 51.7% compared to the same period in 2023, reaching 466.2 billion rubles (trade is one of the largest employers in the regions). At the same ...