Annual Report for the International Bar Association on Recent Developments in Russian Taxation

Between 1999 and 2005 the Russian tax system has undergone significant changes and now it enjoys a period of relative stability.

During the last year, many important changes were made to the Russian tax system, such as a blacklist of foreign jurisdictions was issued, issues of deductibility of expenses and tax avoidance were further clarified, and a VAT reverse charge mechanism was developed.

On May 26, 2008 the Russian Government approved tax policy guidelines for 2009-2011. The goal of tax policy in the medium term is to improve the system of tax administration in Russia.

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